Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Palantir Technologies Inc shares valued at $23,099,147 were sold by Glazer David A. on Dec 12 ’24. At $73.30 per share, Glazer David A. sold 315,126 shares. The insider’s holdings dropped to 293,411 shares worth approximately $21.77 million following the completion of this transaction.
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Also, Cohen Stephen Andrew sold 450,000 shares, netting a total of over 33,052,573 in proceeds. Following the sale of shares at $73.45 each, the insider now holds 592 shares.
Before that, Cohen Stephen Andrew had sold 450,000 shares from its account. In a trade valued at $31,927,184, the insider traded Palantir Technologies Inc shares for $70.95 each. Upon closing the transaction, the insider’s holdings decreased to 450,000 shares, worth approximately $43932.32.
As published in their initiating research note from UBS on December 19, 2024, Palantir Technologies Inc [PLTR] has been a Neutral and the price target has been revised to $80. Analysts at Robert W. Baird started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of November 07, 2024, Jefferies has decreased its “Hold” rating to a “an Underperform” for PLTR. Earlier on November 07, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for PLTR stock which previously was a “a Buy”.
Analyzing PLTR Stock Performance
During the last five days, there has been a surge of approximately 1.38%. Over the course of the year, Palantir Technologies Inc shares have jumped approximately 332.21%. Shares of the company reached a 52-week high of $80.91 on 12/09/24 and a 52-week low of $15.66 on 01/05/24. A 50-day SMA is recorded $57.87, while a 200-day SMA reached $34.73. Nevertheless, trading volume fell to 98.76 million shares from 107.06 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 72.86, which, if violated, would cause prices to drop to 71.50. In the upper region, resistance lies at 76.08. The next price resistance is at 77.94. RSI (Relative Strength Index) is 63.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 44.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
