Palantir Technologies Inc. Stock Falls Monday, Underperforms Market
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Shares of Palantir Technologies Inc. (PLTR) slipped 2.71% to $7.19 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.39% to 3,949.94 and Dow Jones Industrial Average falling 0.13% to 33,700.28. This was the stock's fourth consecutive day of losses. Palantir Technologies Inc. closed $14.38 below its 52-week high ($21.57), which the company reached on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Tyler Technologies Inc. (TYL) rose 2.67% to $321.82, Cognizant Technology Solutions Corp. (CTSH) fell 2.95% to $58.20, and Verint Systems Inc. (VRNT) fell 1.06% to $38.34. Trading volume (36.5 M) remained 1.1 million below its 50-day average volume of 37.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 21, 2022.
(END) Dow Jones Newswires
November 21, 2022 17:17 ET (22:17 GMT)
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