Why Palantir Stock Is Falling In Premarket Today
Portfolio Pulse from Shanthi Rexaline
Palantir Technologies (PLTR) shares fell in premarket trading after failing to be included in the S&P 500 Index. Meanwhile, CrowdStrike (CRWD), KKR (KKR), and GoDaddy (GDDY) were added to the index. Index inclusion generally boosts stock prices due to increased buying by index funds.
June 10, 2024 | 12:39 pm
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NEGATIVE IMPACT
Palantir Technologies shares fell 2.96% in premarket trading after failing to be included in the S&P 500 Index for the second time.
Palantir's exclusion from the S&P 500 Index led to a premarket drop of 2.96%. Index inclusion typically boosts stock prices due to increased buying by index funds, so missing out negatively impacts the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
CrowdStrike Holdings will be added to the S&P 500 Index, which is likely to positively impact its stock price due to increased buying by index funds.
CrowdStrike's inclusion in the S&P 500 Index is likely to boost its stock price as index funds will buy shares to maintain the index's weightings, increasing volume and liquidity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GoDaddy Inc. will be added to the S&P 500 Index, which is expected to positively impact its stock price due to increased buying by index funds.
GoDaddy's inclusion in the S&P 500 Index is likely to boost its stock price as index funds will buy shares to maintain the index's weightings, increasing volume and liquidity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
KKR & Co Inc. will be added to the S&P 500 Index, which is expected to positively impact its stock price due to increased buying by index funds.
KKR's inclusion in the S&P 500 Index is likely to boost its stock price as index funds will buy shares to maintain the index's weightings, increasing volume and liquidity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80