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 $5,550,030 were sold by Taylor Ryan D. on Oct 25 ’24. At $45.00 per share, Taylor Ryan D. sold 123,334 shares. The insider’s holdings dropped to 331,369 shares worth approximately $13.77 million following the completion of this transaction.
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Also, Karp Alexander C. sold 3,337,048 shares, netting a total of over 150,223,222 in proceeds. Following the sale of shares at $45.02 each, the insider now holds 6,432,258 shares.
Before that, Karp Alexander C. had sold 1,706,841 shares from its account. In a trade valued at $76,818,427, the insider traded Palantir Technologies Inc shares for $45.01 each. Upon closing the transaction, the insider’s holdings decreased to 1,706,841 shares, worth approximately $267.32 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 drop of approximately -4.59%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 142.05%. Shares of the company reached a 52-week high of $45.14 on 10/28/24 and a 52-week low of $15.66 on 01/05/24. A 50-day SMA is recorded $37.78, while a 200-day SMA reached $27.35. Nevertheless, trading volume fell to 50.78 million shares from 31.31 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 40.53, which, if violated, would cause prices to drop to 39.51. In the upper region, resistance lies at 42.95. The next price resistance is at 44.35. RSI (Relative Strength Index) is 51.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 74.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
