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Palantir Technologies Inc stock closed at 101.39 USD, marking a sharp decline of 16.46 USD (-13.96%) over the past five days. This significant drop came after a report from the Washington Post claimed that Donald Trump has advised the Pentagon to plan for extensive budget cuts for the upcoming five years.
On February 21 at 7:59 PM GMT-5, the stock saw notable volatility, reaching a high of 109.07 USD and a low of 100.00 USD during the session. The stock opened at 107.68 USD. The downward momentum continued into after-hours trading, where Palantir dropped an additional 1.23 USD (1.21%), bringing its price to 100.16 USD.
With a market capitalization of 23.09KCr, Palantir remains a significant player in the data analytics sector, though the company will look on to regain its position in the market after this week’s decline.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.