Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher Friday and are up more than 8% over the last month.
What To Know:
According to a Bloomberg report that surfaced on Wednesday, Palantir has has been selected as the recipient of a massive contract with the UK’s National Health Service worth up to $579 million. According to the report, the announcement could be made official as soon as this month.
This news follows the $250 million U.S. government contract awarded to Palantir in late September.
Shares of Palantir are trading on above-average volume on Friday. According to data from Benzinga Pro, more than 33 million shares have already been traded in the session, compared to the stock’s 100-day average of 61.196 million shares.
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PLTR Price Action: According to Benzinga Pro, Palantir Technologies shares are up 5% at $16.59 at the time of publication.
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