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Shares of Palantir Technologies Inc. (PLTR) inched 0.42% higher to $7.22 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.36% to 4,003.58 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. The stock's rise snapped a four-day losing streak. Palantir Technologies Inc. closed $14.18 short of its 52-week high ($21.40), which the company reached on November 29th.
The stock underperformed when compared to some of its competitors Tuesday, as Tyler Technologies Inc. (TYL) rose 1.59% to $326.93, Cognizant Technology Solutions Corp. (CTSH) rose 1.77% to $59.23, and Verint Systems Inc. (VRNT) rose 0.99% to $38.72. Trading volume (27.2 M) remained 10.5 million below its 50-day average volume of 37.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.
(END) Dow Jones Newswires
November 22, 2022 17:17 ET (22:17 GMT)
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