Companies Reporting Before The Bell
• Palantir Technologies (NYSE:PLTR) is estimated to report quarterly earnings at $0.04 per share on revenue of $417.69 million.
Wolfe Research analyst Timna Tanners upgrades Reliance Steel & Aluminum (NYSE:RS) from Underperform to Peer Perform and raises the price target from $156 to $159.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Keybanc lifted Reliance Steel & Aluminum Co. (NYSE: RS) price target from $165 to $175. Reliance Steel shares rose 1.4% to $166.24 in pre-market trading.