The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Palantir Technologies Inc shares valued at $303,680 were purchased by ALEXANDRA SCHIFF on Jan 07 ’25. At $75.92 per share, ALEXANDRA SCHIFF acquired 4,000 shares.
Also, Stat Lauren Elaina Friedman sold 1,000 shares, netting a total of over 76,290 in proceeds. Following the sale of shares at $76.29 each, the insider now holds 99,923 shares.
Before that, Stat Lauren Elaina Friedman had sold 800 shares from its account. In a trade valued at $61,032, the Director traded Palantir Technologies Inc shares for $76.29 each. Upon closing the transaction, the insider’s holdings decreased to 800 shares, worth approximately $4.24 million.
Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of December 12, 2024, Robert W. Baird has initiated its “Neutral” rating for PLTR. Earlier on November 07, 2024, Jefferies downgraded its rating. Their new recommendation was “an Underperform” for PLTR stock which previously was a “a Hold”.
Analyzing PLTR Stock Performance
During the last five days, there has been a drop of approximately -9.78%. Over the course of the year, Palantir Technologies Inc shares have dropped approximately -9.78%. Shares of the company reached a 52-week high of $80.06 on 01/06/25 and a 52-week low of $66.51 on 01/08/25. A 50-day SMA is recorded $66.08, while a 200-day SMA reached $37.88. Nevertheless, trading volume fell to 90.2 million shares from 91.73 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 66.65, which, if violated, would cause prices to drop to 65.07. In the upper region, resistance lies at 69.67. The next price resistance is at 71.11. RSI (Relative Strength Index) is 43.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.23, which suggests the price will decrease in the coming days. Percent R is at 90.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
