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 $78,000 were sold by Woersching Eric H. on Jun 18 ’24. At $26.00 per share, Woersching Eric H. sold 3,000 shares. The insider’s holdings dropped to 32,843 shares worth approximately $0.83 million following the completion of this transaction.
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Also, Stat Lauren Elaina Friedman sold 6,000 shares, netting a total of over 146,747 in proceeds. Following the sale of shares at $24.46 each, the insider now holds 169,830 shares.
Before that, Stat Lauren Elaina Friedman had sold 3,050 shares from its account. In a trade valued at $74,558, the Director traded Palantir Technologies Inc shares for $24.45 each. Upon closing the transaction, the insider’s holdings decreased to 3,050 shares, worth approximately $1.79 million.
As published in a research note from Monness Crespi & Hardt on June 21, 2024, Palantir Technologies Inc [PLTR] has been rated down from a Neutral to a Sell and the price target has been revised to $20. Analysts at Argus started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of April 26, 2024, Monness Crespi & Hardt has increased its “Sell” rating to a “Neutral” for PLTR. Earlier on March 28, 2024, Monness Crespi & Hardt downgraded its rating. Their new recommendation was “a Sell” for PLTR stock which previously was a “a Neutral”.
Analyzing PLTR Stock Performance
During the last five days, there has been a drop of approximately -1.33%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 46.88%. 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 $22.44, while a 200-day SMA reached $20.13. Nevertheless, trading volume fell to 37.3 million shares from 24.33 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 24.38, which, if violated, would cause prices to drop to 23.54. In the upper region, resistance lies at 25.73. The next price resistance is at 26.24. RSI (Relative Strength Index) is 61.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 34.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
