• Home
  • Sector News
    • Technology
    • Energy
    • Financial Services
  • Opinion and Analysis
    • Market Overview
      • Opinion
      • Technical Analysis
      • Fundamental Analysis
      • Investment Idea
    • Stock Market
      • Opinion
      • Technical Analysis
      • Fundamental Analysis
      • Stock Pick
  • Virtus Report

Subscribe to stay informed!

Discover hidden stock market gems and stay up to date with our weekly email newsletter and individual stock ideas

What's Hot

3 Energy Stocks to Buy for Crude Oil Surge & Stellar Dividends

September 27, 2023

Peloton Stock Rises Due to Lululemon Partnership

September 27, 2023

Tarrant Events Center: A Top Rental Venue for Any Occasion

September 27, 2023
Telegram RSS
  • Government
  • Press Releases
  • Stock Market
  • Top Stories
  • Trading Insights
  • Trending
  • About Us
Telegram RSS
Virtus Junxit EquitiesVirtus Junxit Equities
  • Home
  • Sector News
    1. Technology
    2. Energy
    3. Financial Services
    4. View All

    Hollywood Writers Won But Hollywood Still Can’t Go Back To Normal – Netflix (NASDAQ:NFLX)

    September 27, 2023

    Republic Business Credit Provides $1,000,000 Recourse Facility for an Independent Children’s Book Publisher in Illinois

    September 27, 2023

    The L.A. Trust Will Honor Assemblymember Reggie Jones-Sawyer and Patricia Anton at Third Annual Salute to Student Health

    September 27, 2023

    ChatGPT Breaks Free From Data Limitation With New Real-Time Browsing Capability

    September 27, 2023

    Natural Gas Prices Increase Due to Positive Impact from Rising Crude Prices

    September 27, 2023

    Aprio Releases U.S. National Manufacturing Survey, Highlighting the Need for Improved Operational Excellence, Digitization and Cybersecurity Practices

    September 27, 2023

    Crude oil prices surged significantly as U.S. inventories became limited. The November West Texas Intermediate (WTI) crude oil closed up by 3.29 (+3.64%), and the November Reformulated Blendstock for Oxygenate Blending (RBOB) gasoline closed up by 3.354 (+1.33%). Both WTI crude oil and gasoline prices experienced a substantial rally on Wednesday, with crude oil reaching a 13-month high. The continuous increase in crude oil prices is driven by concerns over global oil availability.

    September 27, 2023

    Stertil-Koni Names Jim Jaramillo as New Marketing Manager

    September 27, 2023

    Tecta welcomes John Massarelli as Senior Vice President of M&A Business Development

    September 27, 2023

    Stocks had a mixed settlement on Wednesday as bond yields increased. The S&P 500 Index closed up 0.02%, the Dow Jones Industrials Index closed down 0.20%, and the Nasdaq 100 Index closed up 0.24%. The Dow was lower, while the S&P 500 and Nasdaq posted gains. The bond yields, which indicate borrowing costs for companies and individuals, continued to grind higher. This development had a mixed impact on the stock market.

    September 27, 2023

    Clean Power Alliance Reaches Financial Milestone with A- Credit Rating from Standard & Poor’s

    September 27, 2023

    Lee and Kaylee Cooke Join The Exclusive Haute Residence Real Estate Network

    September 27, 2023

    3 Energy Stocks to Buy for Crude Oil Surge & Stellar Dividends

    September 27, 2023

    Peloton Stock Rises Due to Lululemon Partnership

    September 27, 2023

    Tarrant Events Center: A Top Rental Venue for Any Occasion

    September 27, 2023

    Government Shutdown May Not Lead to Immediate Recession, Economists Say

    September 27, 2023
  • Opinion and Analysis
    • Market Overview
      • Opinion
      • Technical Analysis
      • Fundamental Analysis
      • Investment Idea
    • Stock Market
      • Opinion
      • Technical Analysis
      • Fundamental Analysis
      • Stock Pick
  • Virtus Report
Get Access
Virtus Junxit EquitiesVirtus Junxit Equities
Home»Technology»Why is Palantir Technologies (NYSE:PLTR) Trading Higher?
Technology

Why is Palantir Technologies (NYSE:PLTR) Trading Higher?

James TaylorBy James TaylorMay 26, 2023Updated:May 26, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Palantir Technologies Inc (PLTR) shares are on the rise due to a major partnership announcement with Ukraine’s Ministry of Digital Transformation last Thursday. The objective is to facilitate defense and reconstruction initiatives in the aftermath of the Russian invasion.

Palantir, being the key actor in digitally-led reconstruction, will focus on damage assessment, infrastructure cataloging, software implementation to streamline reconstruction, and reinforcing electronic public services.

Furthermore, the company plans to consolidate Ukraine’s digital innovation projects and enhance its digital capabilities to aid international market integration. Meanwhile, Palantir also shows staunch support for fortifying Ukraine’s defense capabilities and will work alongside the Armed Forces of Ukraine.

This partnership came after Palantir CEO Alex Karp’s visit to Ukrainian President Volodymyr Zelenskyy after the war started. Ever since then, Palantir employees have been helping Ukraine’s government in its ongoing battle with Russian troops.

The stock has seen a surge of over 115% YTD, and last week, Cathie Wood’s Ark Invest bought an additional 1.26 million shares worth $13 million. Palantir shares are currently up almost 8% to $13.85.

Price action: Palantir Technologies Inc shares are trading higher at $13.85.

Now Read: Palantir CEO Alex Karp Wants 1 Country To Oversee International AI Standards, And It’s Not The US

Photo: Shuttertstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleDebt-Limit Talks Progress Boosts Stocks
Next Article Crude Oil Prices Rise as Debt Ceiling Negotiations Show Progress
James Taylor
  • Website
  • X (Twitter)

A writer and finance enthusiast who loves diving into the exciting world of stocks, commodities, forex, and crypto. I'm all about making the financial markets less intimidating and more accessible, so I write engaging content that simplifies complex concepts and shares practical investment strategies. Whether you're a seasoned investor or just getting started, I've got your back! But hey, life isn't all about work, right? On weekends, you'll find me hanging out and having a blast with my awesome friends and family. We love bonding over shared interests, trying out new adventures, and simply enjoying each other's company. Striking that balance between work and play is super important to me, because what's the point of success if you can't share it with the people you love? So, if you're up for some financial market insights and a good dose of weekend fun, stick around! Together, we'll navigate the money world and make the most of our time off. Let's learn, grow, and create memories along the way!

Related Posts

Hollywood Writers Won But Hollywood Still Can’t Go Back To Normal – Netflix (NASDAQ:NFLX)

September 27, 2023By James Taylor0

Republic Business Credit Provides $1,000,000 Recourse Facility for an Independent Children’s Book Publisher in Illinois

September 27, 2023By James Taylor0

The L.A. Trust Will Honor Assemblymember Reggie Jones-Sawyer and Patricia Anton at Third Annual Salute to Student Health

September 27, 2023By James Taylor0

Leave A Reply Cancel Reply

Our Picks
Press Releases

Tarrant Events Center: A Top Rental Venue for Any Occasion

By James TaylorSeptember 27, 2023
Government

Government Shutdown May Not Lead to Immediate Recession, Economists Say

By James TaylorSeptember 27, 2023
Technology

Hollywood Writers Won But Hollywood Still Can’t Go Back To Normal – Netflix (NASDAQ:NFLX)

By James TaylorSeptember 27, 2023
Financial Services

Tecta welcomes John Massarelli as Senior Vice President of M&A Business Development

By James TaylorSeptember 27, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Trading Insights

3 Energy Stocks to Buy for Crude Oil Surge & Stellar Dividends

By James TaylorSeptember 27, 2023

Many energy stocks are known for their lucrative dividends with the ability to sustain or raise their yield when crude oil prices are high.With WTI crude oil prices spiking 4% today and currently near $94 a barrel it’s noteworthy that several Zacks Oils and Energy sector stocks are standing out…

Peloton Stock Rises Due to Lululemon Partnership

September 27, 2023

Stephens & Co. Initiates Coverage of Granite Ridge Resources Inc – (GRNT) with Overweight Recommendation

September 27, 2023

Morgan Stanley Bullish on Mattel Despite Challenges, Cites Barbie Movie Success and IP Monetization

September 27, 2023
FEATURED INSIGHTS​
Trading Insights

3 Energy Stocks to Buy for Crude Oil Surge & Stellar Dividends

By James TaylorSeptember 27, 2023
Stock Market

Peloton Stock Rises Due to Lululemon Partnership

By James TaylorSeptember 27, 2023
Press Releases

Tarrant Events Center: A Top Rental Venue for Any Occasion

By James TaylorSeptember 27, 2023

Subscribe to stay informed!

Discover hidden stock market gems and stay up to date with our weekly email newsletter and individual stock ideas

Telegram RSS
  • Home
  • Privacy Policy
  • Disclaimer
  • Virtus Report
  • Get Access
  • About Us
© 2023 Virtus Junxit LLC

Type above and press Enter to search. Press Esc to cancel.