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 $218,111 were sold by Stat Lauren Elaina Friedman on Sep 16 ’24. At $36.35 per share, Stat Lauren Elaina Friedman sold 6,000 shares. The insider’s holdings dropped to 152,280 shares worth approximately $5.54 million following the completion of this transaction.
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Also, Palantir Technologies Inc. sold 80,000 shares, netting a total of over 4,016 in proceeds. Following the sale of shares at $0.05 each, the insider now holds 8,688,336 shares.
Before that, Palantir Technologies Inc. had sold 57,800 shares from its account. In a trade valued at $3,352, the 10% Owner traded Palantir Technologies Inc shares for $0.06 each. Upon closing the transaction, the insider’s holdings decreased to 57,800 shares, worth approximately $319.82 million.
As published in their initiating research note from Northland Capital on August 22, 2024, Palantir Technologies Inc [PLTR] has been a Market perform and the price target has been revised to $35. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Sell”‘ outlook in a report released in early August. As of July 16, 2024, Mizuho has decreased its “Neutral” rating to a “an Underperform” for PLTR. Earlier on June 21, 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 surge of approximately 4.39%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 111.88%. Shares of the company reached a 52-week high of $37.11 on 09/18/24 and a 52-week low of $15.66 on 01/05/24. A 50-day SMA is recorded $30.14, while a 200-day SMA reached $23.71. Nevertheless, trading volume fell to 65.8 million shares from 74.77 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 35.80, which, if violated, would cause prices to drop to 35.21. In the upper region, resistance lies at 37.04. The next price resistance is at 37.69. RSI (Relative Strength Index) is 74.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.96, which suggests the price will increase in the coming days. Percent R is at 9.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
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