In a filing, Palantir Technologies Inc revealed its insider Karp Alexander C. unloaded Company’s shares for reported $283.96 million on Nov 15 ’24. In the deal valued at $63.10 per share,4,500,000 shares were sold. As a result of this transaction, Karp Alexander C. now holds 6,432,258 shares worth roughly $423.05 million.
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Then, Karp Alexander C. sold 1,823,602 shares, generating $115,099,193 in total proceeds. Upon selling the shares at $63.12, the insider now owns 6,432,258 shares.
Before that, ALEXANDER C KARP bought 4,500,000 shares. Palantir Technologies Inc shares valued at $266,310,000 were divested by the Director at a price of $59.18 per share.
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 Friday, Palantir Technologies Inc [NYSE:PLTR] saw its stock jump 11.14% to $65.77. Over the last five days, the stock has gained 12.64%. Palantir Technologies Inc shares have risen nearly 283.05% since the year began. Nevertheless, the stocks have risen 229.67% over the past one year. While a 52-week high of $63.39 was reached on 11/15/24, a 52-week low of $15.66 was recorded on 01/05/24. SMA at 50 days reached $43.18, while 200 days put it at $29.48.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 62.45, which if violated will result in even more drops to 59.14. On the upside, there is a resistance level at 67.54. A further resistance level may holdings at 69.32. The Relative Strength Index (RSI) on the 14-day chart is 83.22, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.92%. Stochastics %K at 89.47% 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 2024-10-31, dropping by -12.17 million shares to a total of 85.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 97.63 million shares. There was a decline of -14.25%, which implies that there is a negative 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.
