Stock summary: Palantir Technologies skyrocketed by 38.56% over the past five days as company’s revenue growth neared $828 million

Palantir Technologies Inc experienced a significant surge over the past five days, climbing 30.85 USD, or 38.56%, to close at 110.85 USD on February 7 at 7:59 PM GMT-5. The stock saw strong bullish momentum after the release of its earnings report earlier this week. Palantir’s quarterly earnings reflected a YoY revenue growth of $828 million.

During the latest trading session, Palantir opened at 111.66 USD, indicating early strength. The stock reached a session high of 116.30 USD,but later pulled back to an intraday low of 110.45 USD. Despite some fluctuations, the stock managed to hold on to most of its gains by the close.

After-hours trading saw a slight retreat, with Palantir dipping 0.56 USD, or 0.51%, to 110.29 USD. Despite the after-hours pullback, Palantir maintained an impressive market capitalization of 25.24KCr, further solidifying its growing influence in the tech sector. The stock found resistance near a session high of 116.30 USD, while support around a session low of 110.45 USD helped stabilize the price.

Disclaimer: This article is for informational purposes only and does not constitute any financial advice.