Palantir Technologies Inc’s recent filing unveils that its Director DAVID STAT acquired Company’s shares for reported $0.5 million on Nov 08 ’24. In the deal valued at $55.88 per share,8,860 shares were bought.
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Then, Stat Lauren Elaina Friedman sold 8,054 shares, generating $406,646 in total proceeds. Upon selling the shares at $50.49, the Director now owns 130,250 shares.
Before that, Planishek Heather A. sold 20,000 shares. Palantir Technologies Inc shares valued at $999,250 were divested by the insider at a price of $49.96 per share. As a result of the transaction, Planishek Heather A. now holds 562,006 shares, worth roughly $33.86 million.
Jefferies downgraded its Palantir Technologies Inc [PLTR] rating to an Underperform from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Raymond James also remained covering PLTR and has decreased its forecast on September 23, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Northland Capital started covering the stock on August 22, 2024. It rated PLTR as “a Market perform”.
Price Performance Review of PLTR
On Monday, Palantir Technologies Inc [NYSE:PLTR] saw its stock jump 3.17% to $60.24. Over the last five days, the stock has gained 45.47%. Palantir Technologies Inc shares have risen nearly 250.84% since the year began. Nevertheless, the stocks have risen 229.72% over the past one year. While a 52-week high of $58.48 was reached on 11/11/24, a 52-week low of $15.66 was recorded on 01/05/24. SMA at 50 days reached $40.71, while 200 days put it at $28.58.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 58.59, which if violated will result in even more drops to 56.95. On the upside, there is a resistance level at 61.98. A further resistance level may holdings at 63.73. The Relative Strength Index (RSI) on the 14-day chart is 84.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.69%. Stochastics %K at 95.67% 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.
The most recent change occurred on August 06, 2024 when Monness Crespi & Hardt resumed its ‘”a Sell”‘ rating for the stock and retained the price target to $18.
