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.
Palantir Technologies (NYSE: PLTR) closed the previous trading session on September 6 at $30.33, registering a slight but notable increase of +0.17 (0.56%) for the day.
Shares of artificial intelligence-powered data analytics company Palantir Technologies, Inc. PLTR climbed sharply in premarket trading on Monday.