Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Palantir Technologies Inc shares valued at $454,694 were sold by Moore Alexander D. on Apr 01 ’24. At $22.73 per share, Moore Alexander D. sold 20,000 shares. The insider’s holdings dropped to 1,615,519 shares worth approximately $36.9 million following the completion of this transaction.
Also, Schiff Alexandra W. sold 5,000 shares, netting a total of over 113,717 in proceeds. Following the sale of shares at $22.74 each, the insider now holds 186,783 shares.
Before that, Stat Lauren Elaina Friedman had sold 6,000 shares from its account. In a trade valued at $142,099, the Director traded Palantir Technologies Inc shares for $23.68 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $4.02 million.
As published in a research note from Monness Crespi & Hardt on March 28, 2024, Palantir Technologies Inc [PLTR] has been rated down from a Neutral to a Sell and the price target has been revised to $20. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of February 06, 2024, Jefferies has increased its “an Underperform” rating to a “Hold” for PLTR. Earlier on February 06, 2024, Citigroup upgraded its rating. Their new recommendation was “a Neutral” for PLTR stock which previously was a “a Sell”.
Analyzing PLTR Stock Performance
During the last five days, there has been a surge of approximately 1.60%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 33.02%. Shares of the company reached a 52-week high of $27.50 on 03/07/24 and a 52-week low of $15.66 on 01/05/24. A 50-day SMA is recorded $23.44, while a 200-day SMA reached $18.45. Nevertheless, trading volume fell to 26.1 million shares from 27.72 million shares the previous day.
Support And Resistance Levels for Palantir Technologies Inc (PLTR)
According to the 24-hour chart, there is a support level at 22.42, which, if violated, would cause prices to drop to 22.01. In the upper region, resistance lies at 23.08. The next price resistance is at 23.33. RSI (Relative Strength Index) is 45.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.59, which suggests the price will decrease in the coming days. Percent R is at 70.21%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Palantir Technologies Inc subject to short interest?
Stocks of Palantir Technologies Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -19.7 million shares to 82.72 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 102.42 million shares. A decline of -23.82% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.14 of the overall float, the days-to-cover ratio (short ratio) decline to 1.14.
