Palantir Technologies Inc’s filing revealed that its 10% Owner Palantir Technologies Inc. unloaded Company’s shares for reported $4143.0 on Apr 19 ’24. In the deal valued at $0.34 per share,12,086 shares were sold. As a result of this transaction, Palantir Technologies Inc. now holds 5,273,917 shares worth roughly $110.59 million.
Then, Palantir Technologies Inc. sold 16,140 shares, generating $5,283 in total proceeds. Upon selling the shares at $0.33, the 10% Owner now owns 5,286,003 shares.
Before that, Palantir Technologies Inc. sold 11,690 shares. Palantir Technologies Inc shares valued at $3,771 were divested by the 10% Owner at a price of $0.32 per share. As a result of the transaction, Palantir Technologies Inc. now holds 5,302,143 shares, worth roughly $111.19 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 2.44% to $20.97. Over the last five days, the stock has lost -4.25%. Palantir Technologies Inc shares have risen nearly 22.13% since the year began. Nevertheless, the stocks have risen 157.30% 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 $23.73, while 200 days put it at $18.67. A total of 31.76 million shares were traded, compared to the trading of 39.63 million shares in the previous session.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 20.53, which if violated will result in even more drops to 20.08. On the upside, there is a resistance level at 21.25. A further resistance level may holdings at 21.52. The Relative Strength Index (RSI) on the 14-day chart is 35.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.02%. Stochastics %K at 11.11% indicates the stock is a buying.
