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International Business Times
International Business Times
Business

Palantir Technologies (PLTR) Closes Lower at $150.95 Amid Profit-Taking After March Rally

Palantir Technologies Inc. shares retreated Friday, March 13, 2026, snapping a recent winning streak as investors locked in gains following a strong March rally fueled by renewed defense demand and AI partnerships, though broader market caution capped upside.

Palantir founder and chairman Peter Thiel in 2009
Palantir founder and chairman Peter Thiel in 2009

The stock closed at $150.95, down $2.55 or 1.66% from Thursday's close of $153.50. It opened at $153.30, climbed to an intraday high of $154.56 and dipped to a low of $148.58 before settling lower on elevated volume of approximately 42.1 million to 42.5 million shares. After-hours trading saw a minor dip to around $150.89, down 0.04%.

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