Palantir Technologies Inc’s recently made public that its 10% Owner Palantir Technologies Inc. unloaded Company’s shares for reported $2868.0 on Aug 29 ’24. In the deal valued at $0.06 per share,49,360 shares were sold. As a result of this transaction, Palantir Technologies Inc. now holds 9,471,315 shares worth roughly $298.16 million.
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Then, Palantir Technologies Inc. sold 34,889 shares, generating $2,010 in total proceeds. Upon selling the shares at $0.06, the 10% Owner now owns 9,521,708 shares.
Before that, Palantir Technologies Inc. sold 1,033 shares. Palantir Technologies Inc shares valued at $52 were divested by the 10% Owner at a price of $0.05 per share. As a result of the transaction, Palantir Technologies Inc. now holds 9,520,675 shares, worth roughly $299.71 million.
Northland Capital initiated its Palantir Technologies Inc [PLTR] rating to a Market perform in a research note published on August 22, 2024; the price target was $35. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Sell”‘ rating for it. Mizuho also remained covering PLTR and has decreased its forecast on July 16, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Monness Crespi & Hardt revised its rating on June 21, 2024. It rated PLTR as “a Sell” which previously was an “a Neutral”.
Price Performance Review of PLTR
On Friday, Palantir Technologies Inc [NYSE:PLTR] saw its stock jump 1.55% to $31.48. Over the last five days, the stock has lost -0.94%. Palantir Technologies Inc shares have risen nearly 83.34% since the year began. Nevertheless, the stocks have risen 92.77% over the past one year. While a 52-week high of $33.12 was reached on 08/22/24, a 52-week low of $13.68 was recorded on 01/05/24. SMA at 50 days reached $28.18, while 200 days put it at $22.88.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 30.95, which if violated will result in even more drops to 30.43. On the upside, there is a resistance level at 31.75. A further resistance level may holdings at 32.03. The Relative Strength Index (RSI) on the 14-day chart is 60.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.14%. Stochastics %K at 43.35% indicates the stock is a holding.
How much short interest is there in Palantir Technologies Inc?
A steep rise in short interest was recorded in Palantir Technologies Inc stocks on 2024-08-15, dropping by -20.97 million shares to a total of 60.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 81.12 million shares. There was a decline of -34.85%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 17, 2024 when Argus began covering the stock and recommended ‘”a Buy”‘ rating along with a $29 price target.
