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Benzinga
Benzinga
Business
Melanie Schaffer

Why Palantir Looks Set To Outpace The General Markets

Palantir NYSE Palantir Technologies

Palantir Technologies Inc (NYSE:PLTR) was shooting up almost 6% on Wednesday after opening slightly lower. The stock was moving in tandem with the general markets, which saw the S&P 500 rising about 0.6%.

Palantir has shown strength in comparison to the S&P 500 recently, soaring about 22% in a confirmed uptrend since June 13, while the S&P 500 remains trading in a downtrend.

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