In a filing, Palantir Technologies Inc revealed 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 $35.38 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 $3.85 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 fall -3.40% to $21.90. Over the last five days, the stock has lost -4.78%. Palantir Technologies Inc shares have risen nearly 27.55% since the year began. Nevertheless, the stocks have risen 155.24% 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 $23.68, while 200 days put it at $18.53. A total of 37.68 million shares were traded, compared to the trading of 26.4 million shares in the previous session.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 21.44, which if violated will result in even more drops to 20.99. On the upside, there is a resistance level at 22.74. A further resistance level may holdings at 23.59. The Relative Strength Index (RSI) on the 14-day chart is 38.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.21%. Stochastics %K at 19.95% indicates the stock is a buying.
