Palantir Technologies Inc’s filing revealed that its Director ALEXANDER C KARP acquired Company’s shares for reported $149.7 million on Oct 28 ’24. In the deal valued at $44.86 per share,3,337,048 shares were bought.
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Then, ALEXANDER C KARP bought 1,706,841 shares, generating $74,349,994 in total proceeds.
Before that, RYAN TAYLOR bought 123,334 shares. Palantir Technologies Inc shares valued at $5,372,429 were divested by the Officer at a price of $43.56 per share.
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 jump 0.25% to $44.97. Over the last five days, the stock has gained 5.32%. Palantir Technologies Inc shares have risen nearly 161.91% since the year began. Nevertheless, the stocks have risen 194.11% over the past one year. While a 52-week high of $45.07 was reached on 10/28/24, a 52-week low of $14.48 was recorded on 01/05/24. SMA at 50 days reached $37.12, while 200 days put it at $26.95.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 44.72, which if violated will result in even more drops to 44.47. On the upside, there is a resistance level at 45.18. A further resistance level may holdings at 45.39. The Relative Strength Index (RSI) on the 14-day chart is 74.49, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.56%. Stochastics %K at 92.73% 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 2024-10-15, growing by 28.48 million shares to a total of 95.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 67.11 million shares. There was a rise of 29.8%, which implies that there is a positive sentiment for the stock.
