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Shares of Palantir Technologies Inc. (PLTR) slipped 3.02% to $7.39 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's third consecutive day of losses. Palantir Technologies Inc. closed $14.57 below its 52-week high ($21.96), which the company reached on November 19th.
The stock underperformed when compared to some of its competitors Friday, as Tyler Technologies Inc. (TYL) fell 2.21% to $313.45, Cognizant Technology Solutions Corp. (CTSH) rose 0.84% to $59.97, and Verint Systems Inc. (VRNT) rose 1.23% to $38.75. Trading volume (27.2 M) remained 10.5 million below its 50-day average volume of 37.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.
(END) Dow Jones Newswires
November 18, 2022 17:17 ET (22:17 GMT)
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