What's Going On With Palantir Technologies Shares Monday?
Portfolio Pulse from Dylan Berman
Palantir Technologies (NYSE:PLTR) shares are trading higher on Monday, surpassing their 52-week high and trading above the 50-day moving average. The stock has recovered from a recent dip caused by sector-wide weakness following June's Consumer Price Index data. Analyst opinions are mixed, with a recent downgrade from Monness, Crespi, Hardt and a buy rating from Argus Research.
July 15, 2024 | 5:03 pm
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Palantir Technologies shares are trading higher, surpassing their 52-week high and trading above the 50-day moving average. The stock has recovered from a recent dip caused by sector-wide weakness following June's Consumer Price Index data. Analyst opinions are mixed, with a recent downgrade from Monness, Crespi, Hardt and a buy rating from Argus Research.
Palantir's stock is performing well, surpassing its 52-week high and trading above the 50-day moving average, indicating strong momentum. The recovery from a recent dip suggests resilience. However, mixed analyst ratings could introduce some volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100