Palantir Technologies Inc. stock underperforms Monday when compared to competitors
Shares of Palantir Technologies Inc.
shed 1.71% to $25.83 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.23% to 4,468.73 and the Dow Jones Industrial Average
rising 0.76% to 34,869.63. The stock’s fall snapped a two-day winning streak. Palantir Technologies Inc. closed $19.17 short of its 52-week high ($45.00), which the company reached on January 27th.
The stock underperformed when compared to some of its competitors Monday, as Tyler Technologies Inc.
fell 1.25% to $465.79, Cognizant Technology Solutions Corp.
rose 0.18% to $76.40, and Verint Systems Inc.
rose 0.97% to $43.67. Trading volume (42.3 M) eclipsed its 50-day average volume of 37.5 M.