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Shares of Palantir Technologies Inc. (PLTR) shed 5.74% to $7.55 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.15% to 31,928.62 and the S&P 500 Index falling 0.81% to 3,941.48. This was the stock's third consecutive day of losses. Palantir Technologies Inc. closed $21.74 below its 52-week high ($29.29), which the company reached on September 17th.
The stock underperformed when compared to some of its competitors Tuesday, as Tyler Technologies Inc. (TYL) fell 2.76% to $333.88, Cognizant Technology Solutions Corp. (CTSH) fell 0.61% to $71.40, and Verint Systems Inc. (VRNT) fell 2.73% to $49.08. Trading volume (47.0 M) eclipsed its 50-day average volume of 42.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2022.
(END) Dow Jones Newswires
May 24, 2022 17:15 ET (21:15 GMT)
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