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Why Palantir is trading 5% higher today

Benzinga Real-time News · Sep 16, 2021 10:53 · Movers

PLTR +3.73%

$Palantir Technologies(PLTR.US)$ is trading higher Thursday morning on above-average volume amid increased retail investor interest in the stock on social media.

The average session volume is about 42 million over a 100-day period. Palantir's daily trading volume was already over 40 million less than 2 hours into trading Thursday.

Palantir was one of the top two trending stocks on Stocktwits at publication time. The stock was among the top five most-mentioned stocks on the subreddit r/wallstreetbets over the last 24 hours.

Palantir has continually said that it expects revenue growth of 30% or greater through 2025.

The company makes products for human-driven analysis of real-world data.

PLTR Price Action

Palantir has traded as high as $45 and as low as $8.90 over a 52-week period.

The stock was up 5.71% at $28.63 at time of publication.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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