Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Palantir Technologies Inc shares valued at $286,540 were sold by Schiff Alexandra W. on Jan 07 ’25. At $71.63 per share, Schiff Alexandra W. sold 4,000 shares. The insider’s holdings dropped to 195,393 shares worth approximately $13.53 million following the completion of this transaction.
Also, ALEXANDRA SCHIFF purchased 4,000 shares, netting a total of over 303,680 in proceeds.
Before that, Stat Lauren Elaina Friedman had sold 1,000 shares from its account. In a trade valued at $76,290, the Director traded Palantir Technologies Inc shares for $76.29 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $6.92 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 surge of approximately 1.48%. Over the course of the year, Palantir Technologies Inc shares have dropped approximately -8.45%. Shares of the company reached a 52-week high of $80.06 on 01/06/25 and a 52-week low of $63.40 on 01/13/25. A 50-day SMA is recorded $68.45, while a 200-day SMA reached $38.96. Nevertheless, trading volume fell to 62.09 million shares from 56.03 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 67.92, which, if violated, would cause prices to drop to 66.61. In the upper region, resistance lies at 70.99. The next price resistance is at 72.75. RSI (Relative Strength Index) is 46.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.01, which suggests the price will decrease in the coming days. Percent R is at 70.93%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
