Why Palantir Stock Just Popped 16%

Rich Smith, The Motley Fool
·2 min read
Why Palantir Stock Just Popped 16%

Shares of Palantir Technologies (NYSE: PLTR), which had drifted lower for most of this week, caught a big updraft on Friday and are flying 16.4% higher as of 1:45 p.m. EST. At this event, Palantir plans to demonstrate to the public for the first time ever "the latest developments to its software platforms, Foundry and Gotham," giving ordinary investors a chance to see "how Palantir's commercial and government customers -- including manufacturers, defense agencies, and others -- use its software." One can imagine how an event like this might increase interest in Palantir's products, and in Palantir stock.