Palantir Technologies Inc (NYSE:PLTR) shares are trading lower by 3.34% to $7.52 Tuesday morning. The stock is falling amid overall market weakness as traders and investors monitor ongoing uncertainty in the regional banking sector.
PLTR may also be trading lower as traders and investors await this week’s Federal Open Market Committee’s (FOMC) interest rate decision. The FOMC is widely expected to issue at least one more 0.25% interest rate hike at the conclusion of its meeting on Wednesday.
The rate hike itself will likely not move financial markets much, but the language the FOMC uses in its policy statement could be a major catalyst.
According to data from Benzinga Pro, PLTR has a 52-week high of $11.62 and a 52-week low of $5.92.
