Palantir Technologies Inc. (NYSE:PLTR) shares are moving Friday. The stock is trending on social media and down by nearly 7% for the week. Here’s what to know.
What To Know:
Palantir released its second-quarter financial report last Monday with earnings per share of 5 cents and quarterly revenue of $533.317 million, an increase of 13% year-over-year and in line with expectations. Despite meeting analysts’ expectations and announcing a $1 billion share buyback program, Palantir shares have trended downward since the earnings were released.
PLTR shares are moving on above-average trading volume. According to data from Benzinga Pro, more than 41 million shares have been traded in the session, compared to the stock’s 100-day average of 85.039 million shares.
PLTR has become a favorite ticker of retail investors and is currently listed as one of the top trending stocks on Yahoo! Finance and WallStreetBets.
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PLTR Price Action: According to Benzinga Pro, Palantir shares are up by 1% at $14.30 at the time of publication.
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