Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Palantir Technologies Inc shares valued at $406,646 were sold by Stat Lauren Elaina Friedman on Nov 05 ’24. At $50.49 per share, Stat Lauren Elaina Friedman sold 8,054 shares. The insider’s holdings dropped to 130,250 shares worth approximately $7.28 million following the completion of this transaction.
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Also, Planishek Heather A. sold 20,000 shares, netting a total of over 999,250 in proceeds. Following the sale of shares at $49.96 each, the insider now holds 562,006 shares.
Before that, Karp Alexander C. had sold 4,500,000 shares from its account. In a trade valued at $247,629,069, the insider traded Palantir Technologies Inc shares for $55.03 each. Upon closing the transaction, the insider’s holdings decreased to 4,500,000 shares, worth approximately $359.43 million.
As published in a research note from Jefferies on November 07, 2024, Palantir Technologies Inc [PLTR] has been rated down from a Hold to an Underperform and the price target has been revised to $28. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of September 23, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for PLTR. Earlier on August 22, 2024, Northland Capital initiated its rating. Their recommendation was “a Market perform” for PLTR stock.
Analyzing PLTR Stock Performance
During the last five days, there has been a surge of approximately 34.46%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 225.45%. Shares of the company reached a 52-week high of $56.47 on 11/07/24 and a 52-week low of $15.66 on 01/05/24. A 50-day SMA is recorded $39.58, while a 200-day SMA reached $28.15. Nevertheless, trading volume fell to 119.67 million shares from 114.26 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 54.13, which, if violated, would cause prices to drop to 52.38. In the upper region, resistance lies at 57.05. The next price resistance is at 58.22. RSI (Relative Strength Index) is 80.86 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.63, which suggests the price will increase in the coming days. Percent R is at 3.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
