Palantir Technologies Inc. Stock Falls Monday, Underperforms Market
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Shares of Palantir Technologies Inc. (PLTR) cratered 21.31% to $7.46 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 3.20% to 3,991.24 and Dow Jones Industrial Average falling 1.99% to 32,245.70. This was the stock's third consecutive day of losses. Palantir Technologies Inc. closed $21.83 short of its 52-week high ($29.29), which the company achieved on September 17th.
The stock underperformed when compared to some of its competitors Monday, as Tyler Technologies Inc. (TYL) fell 2.67% to $354.20, Cognizant Technology Solutions Corp. (CTSH) rose 0.99% to $76.27, and Verint Systems Inc. (VRNT) fell 4.52% to $50.22. Trading volume (169.8 M) eclipsed its 50-day average volume of 40.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2022.
(END) Dow Jones Newswires
May 09, 2022 17:15 ET (21:15 GMT)
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