Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Palantir Technologies Inc shares valued at $650,740 were sold by Stat Lauren Elaina Friedman on Nov 25 ’24. At $66.77 per share, Stat Lauren Elaina Friedman sold 9,746 shares. The insider’s holdings dropped to 111,644 shares worth approximately $7.37 million following the completion of this transaction.
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Also, DAVID STAT purchased 9,746 shares, netting a total of over 627,155 in proceeds.
Before that, Planishek Heather A. had sold 14,635 shares from its account. In a trade valued at $901,637, the insider traded Palantir Technologies Inc shares for $61.61 each. Upon closing the transaction, the insider’s holdings decreased to 14,635 shares, worth approximately $36.15 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 6.33%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 284.68%. Shares of the company reached a 52-week high of $67.88 on 11/25/24 and a 52-week low of $15.66 on 01/05/24. A 50-day SMA is recorded $47.68, while a 200-day SMA reached $31.14. Nevertheless, trading volume fell to 53.67 million shares from 80.45 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 64.34, which, if violated, would cause prices to drop to 62.63. In the upper region, resistance lies at 67.66. The next price resistance is at 69.27. RSI (Relative Strength Index) is 73.03 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.15, which suggests the price will increase in the coming days. Percent R is at 14.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
