The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Palantir Technologies Inc shares valued at $111,806 were sold by Stat Lauren Elaina Friedman on Oct 01 ’24. At $36.66 per share, Stat Lauren Elaina Friedman sold 3,050 shares. The insider’s holdings dropped to 62,939 shares worth approximately $2.47 million following the completion of this transaction.
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Also, Moore Alexander D. sold 20,000 shares, netting a total of over 734,359 in proceeds. Following the sale of shares at $36.72 each, the insider now holds 1,490,630 shares.
Before that, Palantir Technologies Inc. had sold 3,100 shares from its account. In a trade valued at $4,248, the 10% Owner traded Palantir Technologies Inc shares for $1.37 each. Upon closing the transaction, the insider’s holdings decreased to 3,100 shares, worth approximately $57.26 million.
As published in a research note from Raymond James on September 23, 2024, Palantir Technologies Inc [PLTR] has been rated down from an Outperform to a Mkt perform. Analysts at Northland Capital started covering the stock with ‘”a Market perform”‘ outlook in a report released in late August. As of August 06, 2024, Monness Crespi & Hardt has reiterated its “Sell” rating for PLTR. Earlier on July 16, 2024, Mizuho downgraded its rating. Their new recommendation was “an Underperform” 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 5.77%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 128.54%. Shares of the company reached a 52-week high of $39.29 on 10/03/24 and a 52-week low of $15.66 on 01/05/24. A 50-day SMA is recorded $32.13, while a 200-day SMA reached $24.77. Nevertheless, trading volume fell to 56.4 million shares from 34.99 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 37.98, which, if violated, would cause prices to drop to 36.71. In the upper region, resistance lies at 39.90. The next price resistance is at 40.55. RSI (Relative Strength Index) is 73.75 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 1.34%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
