Palantir Stock Dips in Morning Session After Opening Higher
Shares of Palantir Technologies Inc (NASDAQ: PLTR) were trading slightly lower mid-morning on April 28th, reversing gains seen earlier in the session.
As of 10:38 am GMT-4, the software company’s stock was priced at 112.65 USD. This represented a decrease of 0.13 USD, or 0.11 percent, compared to its previous closing price of 112.78 USD.
The trading day began positively for Palantir, with the stock opening at 113.78 USD and quickly reaching a high of 114.40 USD. However, momentum shifted, and the price fell to an intraday low of 111.64 USD before stabilizing near the 112.65 USD level.
According to the data shown, Palantir’s market capitalization is listed at 26.37KCr. The stock carries a high Price-to-Earnings (P/E) ratio of 597.33 and currently does not offer a dividend yield.
While the stock is down slightly today, it remains significantly higher than its 52-week low of 20.50 USD, although it is below the 52-week high mark of 125.41 USD.
