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Tech Titans Surge: Insider Moves and Analyst Ratings Propel Nasdaq Giants
AInvestFriday, Nov 1, 2024 6:30 pm ET
1min read
PIPR --
TEAM --
1. Atlassian (Nasdaq: TEAM)
Atlassian surged by 18.99%. Atlassian disclosed multiple insider transactions, including sales by major shareholders Cannon-Brookes and Farquhar. Piper Sandler maintained an 'Overweight' rating with a target price of $265. Atlassian reported Q1 fiscal 2025 results, with significant attention on company insiders' transactions.

2. Chartermmunications (Nasdaq: CHTR)
Chartermmunications surged by 11.87%. Charter Communications reported third-quarter fiscal 2024 results and disclosed insider transactions by major shareholder Liberty Broadband Corp. Analysts from RBC Capital and Wolfe Research issued coverage with differing ratings and price targets for Charter.

3. Lululemon Athletica (Nasdaq: LULU)
Lululemon Athletica surged by 7.81%. Lululemon Athletica maintains strong investor interest with Oppenheimer keeping a "buy" rating, targeting $445. Morgan Stanley lowers the target price to $314 but retains "overweight" status. Recent insider trading involves a sale by Nicole Neuburger and a purchase by Calvin McDonald.

4. Intel (Nasdaq: INTC)
Intel surged by 7.81%. Intel's Q3 2024 revenue exceeded expectations at $133 billion. Despite better-than-expected earnings and guidance, some analysts remain skeptical about Intel's long-term outlook. Intel will be replaced by NVIDIA in the Dow Jones Industrial Average from November 8.

5. Amazon (Nasdaq: AMZN)
Amazon surged by 6.19%. Jeff Bezos plans to sell 16.4 million Amazon shares. Amazon's Q3 revenue rose 11.2% to $450.17 billion with strong cloud and advertising growth boosting profits. Several financial institutions maintain positive ratings on Amazon, adjusting target prices upwards.
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.