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 $6,972 were sold by Palantir Technologies Inc. on Apr 24 ’24. At $0.37 per share, Palantir Technologies Inc. sold 18,621 shares. The insider’s holdings dropped to 5,233,625 shares worth approximately $113.62 million following the completion of this transaction.
Also, Palantir Technologies Inc. sold 18,471 shares, netting a total of over 6,792 in proceeds. Following the sale of shares at $0.37 each, the insider now holds 5,252,246 shares.
Before that, Palantir Technologies Inc. had sold 3,200 shares from its account. In a trade valued at $1,089, the Former 10% Owner traded Palantir Technologies Inc shares for $0.34 each. Upon closing the transaction, the insider’s holdings decreased to 3,200 shares, worth approximately $114.43 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 2.74%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 26.44%. 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 $23.56, while a 200-day SMA reached $18.75. Nevertheless, trading volume fell to 25.79 million shares from 36.3 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 21.00, which, if violated, would cause prices to drop to 20.29. In the upper region, resistance lies at 22.08. The next price resistance is at 22.45. RSI (Relative Strength Index) is 43.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 51.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
