- The stock price of Palantir Technologies Inc (NYSE: PLTR) increased by 3.2%. This is why it happened.
The stock price of Palantir Technologies Inc (NYSE: PLTR), a company that builds and deploys software platforms for the intelligence community, increased by 3.2%. Investors appear to be responding to news that Cathie Wood’s ARK Innovation ETF adding 1.2 million shares of PLTR.
After adding the 1.2 million PLTR shares on Wednesday, the ARK Innovation ETF now has about 11.82 million shares of PLTR total.
Although PLTR is down 5.52% over the past month, it has increased over 140% since it went public in October 2020.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.