Palantir Stock Performance Update 📈
Palantir (NYSE: PLTR) stock has been performing strongly in recent months, inching closer to the $30 mark with a notable gain of 17.80% over the previous period. The positive momentum continued in the latest trading session, adding another 1.14% for a closing price of $28.46. However, there seems to be a slight decline of 0.95% in the pre-market charts just before the markets open on July 23.
Key Insights on Palantir Insider Trading 💼
One notable development in the Palantir stock scenario was CFO David Glazer’s decision to sell 90,000 PLTR shares in a single trade on July 18. This transaction, at an average price of $29.36 per share, earned him a profit of $2.6 million. Interestingly, he managed to cash in on the recent peak of the AI stock, missing the top by a mere $0.38 per share.
Palantir Insiders’ Selling Spree 📉
- Over the past three months, Palantir insiders have been actively selling off their shares, engaging in 22 separate trades that saw a total of 14,639,212 shares being offloaded, with no buy transactions reported.
- In a broader view, the insider selling trend has been significant over the past year, with a total of 81 sales and 33,263,533 shares being sold off by Palantir insiders, while no buy transactions were recorded during the same period.
Hot Take: Evaluate Your Investment Strategy 🚀
As you assess your investment approach in the cryptocurrency market, it’s essential to stay informed about the latest developments and trends. Keeping an eye on insider trading activities, like those seen in the Palantir stock scenario, can provide valuable insights into market sentiment and potential price movements. Remember to conduct thorough research and analysis before making any investment decisions to maximize your returns and minimize risks.
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