Palantir Technologies Inc’s filing revealed that its Director Moore Alexander D. unloaded Company’s shares for reported $0.44 million on May 01 ’24. In the deal valued at $22.02 per share,20,000 shares were sold. As a result of this transaction, Moore Alexander D. now holds 1,595,519 shares worth roughly $40.22 million.
Then, Palantir Technologies Inc. sold 18,621 shares, generating $6,972 in total proceeds. Upon selling the shares at $0.37, the Former 10% Owner now owns 5,233,625 shares.
Before that, Palantir Technologies Inc. sold 18,471 shares. Palantir Technologies Inc shares valued at $6,792 were divested by the Former 10% Owner at a price of $0.37 per share. As a result of the transaction, Palantir Technologies Inc. now holds 5,252,246 shares, worth roughly $132.41 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 8.06% to $25.21. Over the last five days, the stock has gained 10.42%. Palantir Technologies Inc shares have risen nearly 46.83% since the year began. Nevertheless, the stocks have risen 241.60% 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 $23.41, while 200 days put it at $18.96. A total of 156.04 million shares were traded, compared to the trading of 30.4 million shares in the previous session.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 24.38, which if violated will result in even more drops to 23.54. On the upside, there is a resistance level at 25.70. A further resistance level may holdings at 26.19. The Relative Strength Index (RSI) on the 14-day chart is 67.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.89%. Stochastics %K at 89.01% indicates the stock is a selling.
