Palantir Technologies Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Palantir Technologies Inc. (PLTR) slipped 7.96% to $6.71 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,935.18 and Dow Jones Industrial Average falling 1.02% to 31,834.11. This was the stock's fifth consecutive day of losses. Palantir Technologies Inc. closed $22.58 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 Wednesday, as Tyler Technologies Inc. (TYL) fell 4.00% to $340.48, Cognizant Technology Solutions Corp. (CTSH) fell 2.77% to $72.38, and Verint Systems Inc. (VRNT) fell 1.69% to $49.01. Trading volume (72.5 M) eclipsed its 50-day average volume of 42.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 11, 2022.
(END) Dow Jones Newswires
May 11, 2022 17:16 ET (21:16 GMT)
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