What's Going On With Palantir Stock Today?
Portfolio Pulse from Ryan Gustafson
Palantir Technologies Inc. (NYSE:PLTR) shares are trading down on Wednesday, following other software stocks trading lower after comments from Fed Chair Jerome Powell suggesting further rate hikes may be needed to curb inflation. The stock is also trading lower on high volume of 75 million shares, as opposed to the average of 65 million.
June 21, 2023 | 6:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Palantir's stock price is down due to Fed Chair Jerome Powell's comments on potential rate hikes to curb inflation, affecting software stocks.
Palantir's stock price is down following comments from Fed Chair Jerome Powell suggesting further rate hikes may be needed to curb inflation. This has led to a negative impact on software stocks, including Palantir. Additionally, the stock is trading lower on high volume of 75 million shares, as opposed to the average of 65 million.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100