Palantir Stock- formulaone.news
- NYSE: PLTR was down 2.00% on Thursday, ending its most recent three-day winning streak.
- Palantir reveals a video in which it works with the Ferrari racing team.
- Palantir will be showcasing at the CNBC Auto Digital Solutions Expo.
NYSE: PLTR came to an end to its three-day winning streak on Thursday as broader markets paused after the recent rally. Palantir’s shares fell 2.00%, closing Thursday’s trading session at $ 22.07. The 17 million shares traded were the lowest the stock has seen in months, especially when compared to the recent daily trading average of 52 million shares. Markets had a troubled session on Thursday after weekly unemployment rates rose unexpectedly, though this was more or less dismissed as an anomaly by analysts.
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Earlier this week, Palantir released footage showing how its Foundry platform is helping the Ferrari F1 racing team analyze their own racing data, which will influence their decisions in the race. The platform gives Ferrari access to over 1.5 trillion data points, including things like lap times and vehicle speed. Data analysis enables Ferrari to make split-second decisions in the middle of the race, giving them an edge over the competition.
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Palantir will also be showcasing at CNBC Auto Digital Solutions Expo and it has been announced that one of their presentations will be on supply chain logistics for automotive manufacturers. Palantir will discuss how various automobile manufacturers around the world are using the Foundry Platform as a networked supply chain and already has Panthers such as the French automotive supplier Faurecia in their portfolio. Palantir also invested in vehicle data startup WeJo, a relationship that aims to advance the connected vehicle data industry.
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