Palantir Technologies Inc. Stock Rises Thursday, Outperforms Market
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Shares of Palantir Technologies Inc. (PLTR) rallied 9.39% to $7.34 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.13% to 3,930.08 and Dow Jones Industrial Average falling 0.33% to 31,730.30. The stock's rise snapped a five-day losing streak. Palantir Technologies Inc. closed $21.95 short of its 52-week high ($29.29), which the company reached on September 17th.
The stock outperformed some of its competitors Thursday, as Tyler Technologies Inc. (TYL) rose 1.39% to $345.20, Cognizant Technology Solutions Corp. (CTSH) rose 1.60% to $73.54, and Verint Systems Inc. (VRNT) fell 1.31% to $48.37. Trading volume (82.0 M) eclipsed its 50-day average volume of 43.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 12, 2022.
(END) Dow Jones Newswires
May 12, 2022 17:15 ET (21:15 GMT)
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