Palantir Technologies Inc’s filing revealed that its Director DAVID STAT acquired Company’s shares for reported $0.32 million on Oct 11 ’24. In the deal valued at $43.52 per share,7,321 shares were bought.
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Then, Taylor Ryan D. sold 195,500 shares, generating $7,820,704 in total proceeds. Upon selling the shares at $40.00, the insider now owns 331,369 shares.
Before that, Planishek Heather A. sold 20,000 shares. Palantir Technologies Inc shares valued at $799,042 were divested by the insider at a price of $39.95 per share. As a result of the transaction, Planishek Heather A. now holds 562,006 shares, worth roughly $24.39 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 -0.25% to $43.40. Over the last five days, the stock has gained 11.60%. Palantir Technologies Inc shares have risen nearly 152.77% since the year began. Nevertheless, the stocks have risen 141.92% over the past one year. While a 52-week high of $44.38 was reached on 10/14/24, a 52-week low of $14.48 was recorded on 01/05/24. SMA at 50 days reached $34.31, while 200 days put it at $25.62.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 42.99, which if violated will result in even more drops to 42.58. On the upside, there is a resistance level at 44.10. A further resistance level may holdings at 44.80. The Relative Strength Index (RSI) on the 14-day chart is 77.71, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.87%. Stochastics %K at 91.04% 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 2024-09-30, growing by 43.57 million shares to a total of 97.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 54.06 million shares. There was a rise of 44.62%, which implies that there is a positive sentiment for the stock.
