Palantir Technologies Inc’s recent filing unveils that its insider Planishek Heather A. unloaded Company’s shares for reported $0.8 million on Oct 04 ’24. In the deal valued at $39.95 per share,20,000 shares were sold. As a result of this transaction, Planishek Heather A. now holds 562,006 shares worth roughly $21.86 million.
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Then, Planishek Heather A. sold 14,017 shares, generating $538,458 in total proceeds. Upon selling the shares at $38.41, the insider now owns 562,006 shares.
Before that, Palantir Technologies Inc. bought 1,270,869 shares. Palantir Technologies Inc shares valued at $1,585,917 were divested by the 10% Owner at a price of $1.25 per share. As a result of the transaction, Palantir Technologies Inc. now holds 2,730,166 shares, worth roughly $106.18 million.
Raymond James downgraded its Palantir Technologies Inc [PLTR] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late August with a ‘”a Market perform”‘ rating. Monness Crespi & Hardt also remained covering PLTR and reiterated its “Sell” recommendation on August 06, 2024. Mizuho revised its rating on July 16, 2024. It rated PLTR as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of PLTR
On Monday, Palantir Technologies Inc [NYSE:PLTR] saw its stock fall -2.80% to $38.89. Over the last five days, the stock has gained 4.54%. Palantir Technologies Inc shares have risen nearly 126.50% since the year began. Nevertheless, the stocks have risen 145.98% over the past one year. While a 52-week high of $40.29 was reached on 10/04/24, a 52-week low of $14.48 was recorded on 01/05/24. SMA at 50 days reached $32.64, while 200 days put it at $24.98.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 38.39, which if violated will result in even more drops to 37.90. On the upside, there is a resistance level at 39.77. A further resistance level may holdings at 40.65. The Relative Strength Index (RSI) on the 14-day chart is 67.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.57%. Stochastics %K at 87.33% indicates the stock is a selling.
How much short interest is there in Palantir Technologies Inc?
A steep rise in short interest was recorded in Palantir Technologies Inc stocks on 2024-09-13, growing by 6.95 million shares to a total of 67.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 60.16 million shares. There was a rise of 10.36%, which implies that there is a positive sentiment for the stock.
