PLTR Stock Price Increases Over 5% Pre-Market: Why It Happened

By Amit Chowdhry ● March 1, 2021
  • 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.