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Shares of Palantir Technologies Inc. (PLTR) slid 5.46% to $7.62 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.31% to 3,946.56 and Dow Jones Industrial Average falling 0.02% to 33,546.32. This was the stock's second consecutive day of losses. Palantir Technologies Inc. closed $14.93 below its 52-week high ($22.55), which the company reached on November 18th.
The stock underperformed when compared to some of its competitors Thursday, as Tyler Technologies Inc. (TYL) fell 4.50% to $320.55, Cognizant Technology Solutions Corp. (CTSH) rose 0.56% to $59.47, and Verint Systems Inc. (VRNT) fell 1.47% to $38.28. Trading volume (33.6 M) remained 3.9 million below its 50-day average volume of 37.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 17, 2022.
(END) Dow Jones Newswires
November 17, 2022 17:17 ET (22:17 GMT)
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