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 $924,574 were sold by Karp Alexander C. on May 22 ’24. At $21.30 per share, Karp Alexander C. sold 43,417 shares. The insider’s holdings dropped to 6,432,258 shares worth approximately $133.28 million following the completion of this transaction.
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Also, Cohen Stephen Andrew sold 37,501 shares, netting a total of over 798,591 in proceeds. Following the sale of shares at $21.30 each, the insider now holds 592 shares.
Before that, Sankar Shyam had sold 18,162 shares from its account. In a trade valued at $386,763, the insider traded Palantir Technologies Inc shares for $21.30 each. Upon closing the transaction, the insider’s holdings decreased to 18,162 shares, worth approximately $15.6 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 -4.30%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 20.68%. 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 $22.47, while a 200-day SMA reached $19.19. Nevertheless, trading volume fell to 36.56 million shares from 27.95 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 20.39, which, if violated, would cause prices to drop to 20.07. In the upper region, resistance lies at 21.28. The next price resistance is at 21.85. RSI (Relative Strength Index) is 41.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 95.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
