Palantir has seen revenue and its stock price roar higher as governments and commercial clients sign up for its services. The company recently reported its biggest quarterly profit ever.
Shares of Palantir Technologies Inc (NYSE:PLTR) ended a busy day for the tech sector 14% higher after confirmation of its inclusion in S&P 500 index. The announcement, made after markets closed on Friday, revealed that Palantir will be added to the prestigious index starting on September 23.
Palantir shares popped on Monday and are trading at their highest since early 2021 after S&P Global announced late Friday that it's adding the stock to the S&P 500. Palantir and Dell are joining the benchmark, replacing American Airlines and Etsy.
Big Data is big business. According to platform provider Edge Delta, the market for data services is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028 — an increase of 82.2%.
Progress Software has just acquired ShareFile but the company announced it was suspending its dividends. The slump in share price presents a good buy opportunity in a growth stock.
Palantir Technologies has been one of the undisputed beneficiaries of the AI revolution. The stock will be joining the S&P 500 index.
Palantir stock is set to be added to the S&P 500 index on Sept. 23. Being added to the S&P 500 means that index-tracking ETFs will be buying shares of Palantir.
Shares of Palantir Technologies (PLTR), Dell Technologies (DELL), and Erie Indemnity (ERIE) all gained Monday morning after it was announced they were being added to the S&P 500 Index.
Palantir Technologies Inc. PLTR is gearing up for a significant milestone: its inclusion in the S&P 500 index, effective Sept. 23.
Palantir Technologies (PLTR) shares jumped in premarket trading Monday after S&P Global announced late Friday that the big data analytics software company will join the benchmark S&P 500 index, with the inclusions taking effect before the market opens on Sept. 23.
The company will replace American Airlines on the index later this month.
After the index change takes hold, “large-cap funds that are benchmarked against the S&P 500 will be forced to look at” Dell, one analyst says.