Shares close up nearly 8% as the data analytics firm sees a significant rally in Friday’s trading.
NEW YORK – Palantir Technologies Inc. experienced a remarkable day on the stock market Friday, with its share price surging significantly to close with impressive gains and set a new 52-week high.
According to market data from the close on Friday, August 5, Palantir’s stock finished the main trading session at
12.61, or 7.85%.
The positive momentum was evident throughout the day. After opening at
176.33**, which also marked the company’s new 52-week high. This new record stands in stark contrast to its 52-week low of $25.57, highlighting a period of powerful growth for the company. The day’s low was recorded at $169.22.
Following the market’s close, after-hours trading showed a slight moderation, with the stock dipping 0.80% to $171.89.
Other financial details from the summary include a market capitalization of 40.89KCr and a Price-to-Earnings (P/E) ratio of 575.80. The company does not currently pay a dividend to its shareholders. The strong performance and new annual peak indicate robust investor confidence in the technology firm.
