Palantir Technologies Inc. stock rises Friday, outperforms market
Shares of Palantir Technologies Inc. PLTR rose 1.00% to $37.20 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.09% to 42,063.36 and the S&P 500 Index SPX falling 0.19% to 5,702.55.
Why Did Palantir Technologies Inc (PLTR) Stock See 54.05% Surge in the Last 90 Days?
Palantir Technologies Inc (PLTR) stock saw a modest uptick, ending the day at $36.31 which represents a slight increase of $0.72 or 2.02% from the prior close of $35.59. The stock opened at $35.78 and touched a low of $35.
Stocks to Watch in September. Since Palantir Technologies Inc. (NYSE:PLTR) ranks 5th on the list, it deserves a deeper look.
Palantir CEO Alex Karp recently filed a massive insider stock sale which netted him approximately $325 million.
But one analyst, Mariana Perez Mora of Bank of America rates shares a Buy, with a street-high $50 price target on the stock.
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Palantir’s share price is up double digits after it was announced that it and Dell would replace the other companies this September.
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