Let’s discuss Palantir’s PLTR stock and Nano Dimension’s NNDM stock. We will start by giving a quick news update on Nano Dimension’s newest acquisition and we will discuss how Palantir is diving into cryptocurrency blockchain technology. We will then look over why Cathie Wood and another large Palantir stockholder are selling their PLTR shares by the millions right before their Q3 earnings report and lastly we will go over the most up-to-date Palantir stock news updates and PLTR stock price targets. But right now go and smash the like button for more PLTR stock and NNDM stock news updates, comment your stock price predictions down below turn on all subscription notifications to stay informed, and now let’s get right into today’s stories. As you know Nano Dimension is an industry leader when it comes to the 3D printing of high-performance electronic devices and printed circuit boards also known as PCBs and recently NNDM has closed an acquisition deal with Essemtec AG which is an additive manufacturing company located in Switzerland. Nano Dimension will be acquiring Essemtec through a stock buyout which can range anywhere from $15.1 million dollars to $24.8 million and an additional amount of $9.7 million will be paid over the span of 14 months. If you want more information about this acquisition I have the article and sources linked below. Also, nano Dimension is having a conference call to discuss this acquisition with shareholders on November 8th at 9 am eastern which is 6 am pacific time. Now if you can’t call in from the number on the screen a reply if the call will be on Nano Dimension’s website. Now let’s talk about Palantir’s PLTR stock and why Cathie Wood of Ark Invest has sold even more Palantir shares. Yesterday I reported how Cathie Wood sold a load of Palantir stock which equates to 400,000 PLTR shares worth over $10 million but she also sold 850,000 more shares of Palantir Technologies for around $22 million right before Palantir earnings report which is rather strange if Cathie Wood is expecting good news. However let’s not get carried away, this still represents only a small portion of Cathie Wood’s and Ark Invests PLTR holdings. If you did not know Elementus is a cryptocurrency blockchain data analytics firm that has many ties to Palantir. Elementus has also recently raised $12 million to help the company grow. This company also has large backing from Leominster crypto players such as BlockFi, Gemini frontier fund, and Blockchain.com just to name a few. It also does not help that Doy Cha bank has downgraded the stock from a buy to hold with a price target of $25. This could be due to the RSI inductor saying that the stock is approaching overbought territory which is just bad timing right before Palantir’s earnings report on November 9th before the market opens. Now I do want to preface that even if Palantir beats their projected Wall Street predictions for their earnings report that does not mean that the stock will necessarily rally. Many stocks end up losing value even after an earnings beat so be prepared for that which could be a reason why large investors are taking profits right now. However with that being said if Palantir beats expectations that is good news because it does increase the chances of a positive outcome because if they miss their earnings projections then the stock will almost certainly or at least stay flat. Now I am overall bullish on PLTR but what do you think, comment your prediction if Palantir will beat or lose out on their readings report, like the video, subscribe and I will see you in the next yt video.
#pltrstock #palantirstock #NNDMstock
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment purposes only.
SOURCES: https://www.globenewswire.com/news-release/2021/11/03/2326485/0/en/Nano-Dimension-Acquires-Essemtec-AG-Surface-Mount-Pick-Place-Systems-Supplier-for-the-PCB-and-OEM-Industries.html
Cathie Wood’s ARK Invest Sells Nearly 850,000 More Shares of Palantir
https://www.coindesk.com/business/2021/10/28/palantir-linked-elementus-raises-12m-for-crypto-intelligence-platform/
https://www.nasdaq.com/articles/why-is-palantir-stock-losing-steam-2021-11-03
https://www.nasdaq.com/articles/earnings-preview%3A-palantir-technologies-inc.-pltr-q3-earnings-expected-to-decline-2021-11
https://www.benzinga.com/markets/options/21/11/23829598/what-are-whales-doing-with-palantir-technologies
Palantir for Crypto Blockchain | Powering the Future of Finance https://www.youtube.com/watch?v=l_JhDNZPuY4