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Tech Titans and Market Moves: Insider Buys and Strategic Shifts

AInvestWednesday, Oct 9, 2024 6:00 pm ET
1min read
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed insider transactions on October 7 and 8, 2024. Executive Taylor Ryan D. purchased 195,500 shares on October 4, while Heather A. Planishek acquired 20,000 shares on the same day. Ark Invest views Palantir as having disruptive potential in the tech industry.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's Q2 2024 revenue rose 15.08% year-over-year to $12.113 billion. BMO Capital maintains an "Outperform" rating with a $92 price target. Multiple Form 4 filings indicate changes in beneficial ownership.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reports a 10.34% revenue increase to $35.92 billion as of June 30, 2024. Evercore ISI Group maintains an outperform rating with a $125 target, and Jefferies initiates coverage with a buy rating, also targeting $125.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported a 10% revenue decline and a 28% net income drop in its fiscal 2025 Q1 results, with Greater China revenue down 4%.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Group (SONY) will execute a 1-for-5 stock split effective October 9, 2024. The company plans to remaster "Horizon Zero Dawn" and has doubled its PlayStation version price, sparking market attention. Sony's PS6 prototype is reportedly in early development stages.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.