Tech Titans Tumble: Innovations and Insider Moves Shake Market

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir reported a 23.99% year-over-year revenue increase to $1.312 billion as of June 30, 2024. Wedbush maintained an Outperform rating with a price target of $45. On September 23, director Stat Lauren Elaina Friedman sold 6,655 shares.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research initiated coverage on Block with a Neutral rating and a $70 target. UBS maintained a Buy rating with a $92 target. Block's mid-2024 revenue was $121.13 billion, with $6.61 billion in net profit. Insider trading involved seven transactions disclosed on August 23.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024. Executive Karsten Winther purchased 30,200 shares on September 3.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike announced a CEO change, signaling positive developments. Truist Securities and RBC Capital maintained their ratings at "Hold" and "Sector Perform" respectively, with target prices of $85. Morgan Stanley's target is $82.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony unveiled multiple products including the LYT-818 image sensor, INZONE monitors, and PS5 Pro, signifying innovation across gaming and technology. New announcements also included game performance updates and upcoming additions to the PS+ service.