20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower on Tuesday.
In a 13G exchange filing, the Denver-based analytical software company said it owns a 6.5% stake in healthcare recoveries and data analytics company MSP Recovery, Inc. (NASDAQ:LIFW). Palantir currently holds 955,647 shares of LIFW.
The 13G filing is dated March 22; however, it was released yesterday.
Shares of Palantir gained over 165% in the past year. The firm received a contract from the Defense Information Systems Agency (DISA) on Friday.
Notably, Palantir won the contract to deliver an Electromagnetic Battle Management – Joint Decision Support (EMBM-J DS) prototype.
The prototype Other Transaction Authority (OTA) Agreement contract is worth $9.8 million over twelve months.
The contract will provide the Department of Defense with an advanced software capability to support Joint Electromagnetic Spectrum Operations (JEMSO).
Investors can gain exposure to the PLTR stock via AdvisorShares Focused Equity ETF (NYSE:CWS) and Gabelli ETFs Trust Gabelli Financial Services Opportunities ETF (NYSE:GABF).
Palantir was recently in the headlines for inking an agreement with The Ministry of Education and Science of Ukraine to boost the education system and ensure the maximum number of children have access to safe in-person learning.
The deal, spanning 12 months, backs Ukraine’s School Offline program, enhancing safe educational access for 300,000 more students.
“Today’s agreement reinforces Palantir’s steadfast support for Ukraine, building on the use of our software to support the military effort, the resettlement of those forced to flee abroad, the investigation into war crimes and critical demining efforts,” Louis Mosley, Executive Vice President for UK and Europe at Palantir, said.
Price Action: PLTR shares are trading lower by 2.38% to $22.32 on Tuesday, while LIFW shares are trading higher by 34.44% to $0.8950.
Image via Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!