Palantir Technologies renews its contracts with U.S. government and Armed Forces.
In the latest trading session, Palantir Technologies Inc. (PLTR) closed at $8.08, marking a +1.76% move from the previous day.
Shares of Palantir Technologies (NYSE: PLTR) popped higher on Thursday morning, defying the general market downturn. The stock jumped as much as 4.9% but was up about 1.4% as of 3:12 p.m. ET -- even as the three major indexes got crushed, as the S&P 500 and the Nasdaq Composite plunged 2.6% and 3.5%, respectively. The catalyst that sent the machine learning software and data mining specialist higher was news the company will continue its work with the U.S. Army on several fronts.