Why Palantir Stock Is Soaring Today
Palantir (NYSE: PLTR) stock is making big gains in Thursday's trading session following news that it had received new support from a prominent institutional investor. Meanwhile, the S&P 500 index was up roughly 0.6%, and the Nasdaq Composite index was up 1.2%. Ark Invest, which is led by founder and CEO Cathie Wood, published an update yesterday revealing that it had purchased more Palantir stock.