- The stock price of Palantir Technologies Inc (NYSE:PLTR) is trading at over 5% pre-market. This is why it happened.
The stock price of Palantir Technologies Inc (NYSE:PLTR) is trading at over 5% pre-market. One of the biggest triggers for the stock price increase has to do with Cathie Wood’s ARK Invest adding more shares of Palantir to its portfolio, according to 24/7 Wall St.
ARK Innovation ETF (NYSE: ARKK) added 2,497,800 shares of Palantir. And ARK Next Generation Internet ETF (ARKW) bought 867,600 shares.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
