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Shares of Palantir Technologies Inc. (PLTR) slumped 0.87% to $8.01 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.86% to 3,973.75 and the Dow Jones Industrial Average rising 1.98% to 31,880.24. This was the stock's second consecutive day of losses. Palantir Technologies Inc. closed $21.28 below 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) rose 0.48% to $343.37, Cognizant Technology Solutions Corp. (CTSH) rose 1.43% to $71.84, and Verint Systems Inc. (VRNT) fell 0.22% to $50.46. Trading volume (27.5 M) remained 15.3 million below its 50-day average volume of 42.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2022.
(END) Dow Jones Newswires
May 23, 2022 17:15 ET (21:15 GMT)
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