PLTR Stock Sees Wild Swings, Trades Near Flat Line Friday Morning
Palantir Technologies Inc (NASDAQ: PLTR) shares demonstrated significant intraday volatility during the early trading hours on Friday, April 29th, moving sharply between gains and losses before settling near the unchanged mark.
As of 10:35 am GMT-4, the stock was trading at 114.60 USD. This price represented a very slight decrease of 0.050 USD, or 0.044 percent, compared to the previous closing price of 114.65 USD.
The session began with Palantir opening below the prior close at 113.98 USD and hitting an early low of 113.24 USD. However, buying interest quickly emerged, driving the stock up significantly to an intraday high of 115.82 USD. This rally was short-lived, as the price then pulled back substantially to hover near its starting point.
Key financial information for Palantir includes a market capitalization listed at approximately 269.7 Billion USD. The company maintains a notably high Price-to-Earnings (P/E) ratio, currently 607.67, and does not pay a dividend.
While trading nearly flat at the moment, the stock’s current price remains well below its 52-week high of 125.41 USD but is considerably elevated from its 52-week low of 20.50 USD.
