Palantir Technologies Inc’s filing revealed that its Director Moore Alexander D. unloaded Company’s shares for reported $0.45 million on Apr 01 ’24. In the deal valued at $22.73 per share,20,000 shares were sold. As a result of this transaction, Moore Alexander D. now holds 1,615,519 shares worth roughly $37.16 million.
Then, Schiff Alexandra W. sold 5,000 shares, generating $113,717 in total proceeds. Upon selling the shares at $22.74, the Director now owns 186,783 shares.
Before that, Stat Lauren Elaina Friedman sold 6,000 shares. Palantir Technologies Inc shares valued at $142,099 were divested by the Director at a price of $23.68 per share. As a result of the transaction, Stat Lauren Elaina Friedman now holds 175,830 shares, worth roughly $4.04 million.
Monness Crespi & Hardt downgraded its Palantir Technologies Inc [PLTR] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Hold”. Jefferies also remained covering PLTR and has increased its forecast on February 06, 2024 with a “Hold” recommendation from previously “an Underperform” rating. Citigroup revised its rating on February 06, 2024. It rated PLTR as “a Neutral” which previously was an “a Sell”.
Price Performance Review of PLTR
On Monday, Palantir Technologies Inc [NYSE:PLTR] saw its stock jump 0.17% to $23.00. Over the last five days, the stock has gained 0.61%. Palantir Technologies Inc shares have risen nearly 33.95% since the year began. Nevertheless, the stocks have risen 188.22% over the past one year. While a 52-week high of $27.50 was reached on 03/07/24, a 52-week low of $7.28 was recorded on 01/05/24. SMA at 50 days reached $23.08, while 200 days put it at $18.32. A total of 24.94 million shares were traded, compared to the trading of 30.36 million shares in the previous session.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 22.71, which if violated will result in even more drops to 22.43. On the upside, there is a resistance level at 23.24. A further resistance level may holdings at 23.49. The Relative Strength Index (RSI) on the 14-day chart is 45.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.96%. Stochastics %K at 29.08% indicates the stock is a holding.
How much short interest is there in Palantir Technologies Inc?
A steep rise in short interest was recorded in Palantir Technologies Inc stocks on Mar 15, 2024, dropping by -19.7 million shares to a total of 82.72 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 102.42 million shares. There was a decline of -23.82%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.26% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.14.
