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Shares of Palantir Technologies Inc. (PLTR) jumped 13.62% to $8.34 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.39% to 4,023.89 and the Dow Jones Industrial Average rising 1.47% to 32,196.66. This was the stock's second consecutive day of gains. Palantir Technologies Inc. closed $20.95 below its 52-week high ($29.29), which the company achieved on September 17th.
The stock outperformed some of its competitors Friday, as Tyler Technologies Inc. (TYL) rose 3.81% to $358.36, Cognizant Technology Solutions Corp. (CTSH) fell 0.22% to $73.38, and Verint Systems Inc. (VRNT) rose 5.69% to $51.12. Trading volume (69.1 M) eclipsed its 50-day average volume of 43.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 13, 2022.
(END) Dow Jones Newswires
May 13, 2022 17:15 ET (21:15 GMT)
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