Palantir Technologies (PLTR.US) stock surged more than 13% today after investor Cathie Wood from ARK Investment acquired 5.3 million shares on Thursday as the stock fell after a lockup expiration. Wood, which investment decisions turned out to be very fruitful last year, said that she upped her bets on the data company. The shares were bought through the ARK Innovation ETF and the holding accounts for 0.5% of its total weight. According to StreetInsider, earlier this week, Wood's other fund - ARK Next Generation Internet ETF - bought 1.6 million shares of Palantir, and now owns 4 million shares.
Palantir announced this week revenue would increase 45% in the first quarter of 2021. In the previous quarter, revenue surged by 40%, to $322 million, well above analysts’ expectations of $300.7 million.
Palantir (PLTR.US) stock launched today's session higher breaking above the upper limit of the ascending channel, however buyers failed to break above the major resistance at $30.25 and price pulled back. The nearest support lies at the $24.82. Source: xStation5
Nestlé: Steady Growth and Ambitious Restructuring Drive Share Price Surge
UK GDP picks up in August as budget tax hike speculation goes into overdrive
TSMC Earnings Preview: Will the Key Semiconductor Supplier Surprise the Market?
Gold hits a record, as stocks rally on earnings strength
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
