Palantir Technologies Inc’s filing revealed that its insider Planishek Heather A. unloaded Company’s shares for reported $0.9 million on Nov 20 ’24. In the deal valued at $61.61 per share,14,635 shares were sold. As a result of this transaction, Planishek Heather A. now holds 547,371 shares worth roughly $35.22 million.
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Then, Planishek Heather A. sold 7,583 shares, generating $471,390 in total proceeds. Upon selling the shares at $62.16, the insider now owns 539,788 shares.
Before that, Taylor Ryan D. sold 50,790 shares. Palantir Technologies Inc shares valued at $3,129,084 were divested by the insider at a price of $61.61 per share. As a result of the transaction, Taylor Ryan D. now holds 280,579 shares, worth roughly $18.06 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 Friday, Palantir Technologies Inc [NYSE:PLTR] saw its stock jump 4.87% to $64.35. Over the last five days, the stock has lost -2.16%. Palantir Technologies Inc shares have risen nearly 274.78% since the year began. Nevertheless, the stocks have risen 226.82% over the past one year. While a 52-week high of $66.00 was reached on 11/15/24, a 52-week low of $15.66 was recorded on 01/05/24. SMA at 50 days reached $45.93, while 200 days put it at $30.52.
Levels Of Support And Resistance For PLTR Stock
The 24-hour chart illustrates a support level at 62.33, which if violated will result in even more drops to 60.32. On the upside, there is a resistance level at 65.40. A further resistance level may holdings at 66.46. The Relative Strength Index (RSI) on the 14-day chart is 71.04, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.62%. Stochastics %K at 85.75% 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.
