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Shares of Palantir Technologies Inc. (PLTR) rallied 3.98% to $8.36 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.02% to 4,088.85 and the Dow Jones Industrial Average rising 1.34% to 32,654.59. Palantir Technologies Inc. closed $20.93 below its 52-week high ($29.29), which the company reached on September 17th.
The stock outperformed some of its competitors Tuesday, as Tyler Technologies Inc. (TYL) rose 0.48% to $347.07, Cognizant Technology Solutions Corp. (CTSH) rose 3.49% to $75.11, and Verint Systems Inc. (VRNT) rose 1.70% to $52.16. Trading volume (38.5 M) remained 5.6 million below its 50-day average volume of 44.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2022.
(END) Dow Jones Newswires
May 17, 2022 17:15 ET (21:15 GMT)
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