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PLTR’s latest rating updates from top analysts.

Palantir Technologies Inc’s recently made public that its Director THIEL PETER unloaded Company’s shares for reported $103.92 million on May 10 ’24. In the deal valued at $20.78 per share,5,000,000 shares were sold. As a result of this transaction, THIEL PETER now holds 15,733,625 shares worth roughly $329.46 million.

Then, THIEL PETER sold 1,669,411 shares, generating $35,491,845 in total proceeds. Upon selling the shares at $21.26, the Director now owns 62,851,188 shares.

Before that, THIEL PETER sold 6,285,833 shares. Palantir Technologies Inc shares valued at $134,078,704 were divested by the Director at a price of $21.33 per share. As a result of the transaction, THIEL PETER now holds 64,520,599 shares, worth roughly $1.35 billion.

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 1.65% to $20.94. Over the last five days, the stock has lost -16.94%. Palantir Technologies Inc shares have risen nearly 21.96% since the year began. Nevertheless, the stocks have risen 111.94% over the past one year. While a 52-week high of $27.50 was reached on 03/07/24, a 52-week low of $9.02 was recorded on 01/05/24. SMA at 50 days reached $23.07, while 200 days put it at $19.07. A total of 37.32 million shares were traded, compared to the trading of 59.85 million shares in the previous session.

Levels Of Support And Resistance For PLTR Stock

The 24-hour chart illustrates a support level at 20.63, which if violated will result in even more drops to 20.32. On the upside, there is a resistance level at 21.22. A further resistance level may holdings at 21.50. The Relative Strength Index (RSI) on the 14-day chart is 43.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.94%. Stochastics %K at 8.91% indicates the stock is a buying.

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