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Shares of Palantir Technologies Inc. (PLTR) slipped 3.36% to $8.06 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.83% to 3,958.79 and Dow Jones Industrial Average falling 0.12% to 33,553.83. Palantir Technologies Inc. closed $15.16 below its 52-week high ($23.22), which the company achieved on November 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Tyler Technologies Inc. (TYL) fell 0.46% to $335.64, Cognizant Technology Solutions Corp. (CTSH) fell 0.92% to $59.41, and Verint Systems Inc. (VRNT) fell 2.90% to $38.85. Trading volume (28.4 M) remained 9.2 million below its 50-day average volume of 37.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2022.
(END) Dow Jones Newswires
November 16, 2022 17:17 ET (22:17 GMT)
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