Palantir Technologies Inc’s filing revealed that its Former 10% Owner Palantir Technologies Inc. unloaded Company’s shares for reported $6972.0 on Apr 24 ’24. In the deal valued at $0.37 per share,18,621 shares were sold. As a result of this transaction, Palantir Technologies Inc. now holds 5,233,625 shares worth roughly $119.48 million.
Then, Palantir Technologies Inc. sold 18,471 shares, generating $6,792 in total proceeds. Upon selling the shares at $0.37, the Former 10% Owner now owns 5,252,246 shares.
Before that, Palantir Technologies Inc. sold 3,200 shares. Palantir Technologies Inc shares valued at $1,089 were divested by the Former 10% Owner at a price of $0.34 per share. As a result of the transaction, Palantir Technologies Inc. now holds 5,270,717 shares, worth roughly $120.33 million.
Monness Crespi & Hardt upgraded its Palantir Technologies Inc [PLTR] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who decreased its forecast for the stock in late March from “a Neutral” to “a Sell”. HSBC Securities also remained covering PLTR and has decreased its forecast on February 14, 2024 with a “Hold” recommendation from previously “Buy” rating. Jefferies revised its rating on February 06, 2024. It rated PLTR as “a Hold” which previously was an “an Underperform”.
Price Performance Review of PLTR
On Monday, Palantir Technologies Inc [NYSE:PLTR] saw its stock jump 1.38% to $22.83. Over the last five days, the stock has gained 8.87%. Palantir Technologies Inc shares have risen nearly 32.96% since the year began. Nevertheless, the stocks have risen 191.94% 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 $23.45, while 200 days put it at $18.81. A total of 30.14 million shares were traded, compared to the trading of 34.43 million shares in the previous session.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 22.55, which if violated will result in even more drops to 22.28. On the upside, there is a resistance level at 23.10. A further resistance level may holdings at 23.37. The Relative Strength Index (RSI) on the 14-day chart is 53.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.89%. Stochastics %K at 70.50% indicates the stock is a holding.
