$PLTR closed at $184.18 as AI stocks continued to push the Nasdaq higher.
Palantir gained 0.6% on September 22, slightly outperforming the Nasdaq Composite’s 0.5% gain, with shares trading between $183.09 and $185.54.
$PLTR is still about 11.2% below its 52-week high of $207.52, while its latest quarter delivered $1.94B in revenue and $0.41 EPS.
Trading volume was relatively light at 9.88M shares versus a 44.2M average, suggesting the move wasn't accompanied by unusually heavy participation.
There was also some institutional trimming, with Andra AP-fonden reportedly reducing its Palantir position by 6.6%, selling 27,000 shares during Q2.
With the Nasdaq hitting another record close and AI sentiment remaining strong, the focus now shifts to whether $PLTR can reclaim the $200 psychological level and eventually retest its $207.52 52-week high.
Palantir gained 0.6% on September 22, slightly outperforming the Nasdaq Composite’s 0.5% gain, with shares trading between $183.09 and $185.54.
$PLTR is still about 11.2% below its 52-week high of $207.52, while its latest quarter delivered $1.94B in revenue and $0.41 EPS.
Trading volume was relatively light at 9.88M shares versus a 44.2M average, suggesting the move wasn't accompanied by unusually heavy participation.
There was also some institutional trimming, with Andra AP-fonden reportedly reducing its Palantir position by 6.6%, selling 27,000 shares during Q2.
With the Nasdaq hitting another record close and AI sentiment remaining strong, the focus now shifts to whether $PLTR can reclaim the $200 psychological level and eventually retest its $207.52 52-week high.