Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Palantir Technologies Inc shares valued at $440,306 were sold by Moore Alexander D. on May 01 ’24. At $22.02 per share, Moore Alexander D. sold 20,000 shares. The insider’s holdings dropped to 1,595,519 shares worth approximately $33.73 million following the completion of this transaction.
Also, Palantir Technologies Inc. sold 18,621 shares, netting a total of over 6,972 in proceeds. Following the sale of shares at $0.37 each, the insider now holds 5,233,625 shares.
Before that, Palantir Technologies Inc. had sold 18,471 shares from its account. In a trade valued at $6,792, the Former 10% Owner traded Palantir Technologies Inc shares for $0.37 each. Upon closing the transaction, the insider’s holdings decreased to 18,471 shares, worth approximately $111.03 million.
As published in a research note from Monness Crespi & Hardt on April 26, 2024, Palantir Technologies Inc [PLTR] has been rated up from a Sell to a Neutral. Analysts at Monness Crespi & Hardt downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in late March. As of February 14, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for PLTR. Earlier on February 06, 2024, Jefferies upgraded its rating. Their new recommendation was “a Hold” for PLTR stock which previously was a “an Underperform”.
Analyzing PLTR Stock Performance
During the last five days, there has been a drop of approximately -6.25%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 23.12%. 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 $23.24, while a 200-day SMA reached $19.03. Nevertheless, trading volume fell to 53.73 million shares from 161.06 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 20.86, which, if violated, would cause prices to drop to 20.58. In the upper region, resistance lies at 21.50. The next price resistance is at 21.86. RSI (Relative Strength Index) is 43.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 84.38%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
