Palantir Technologies, Inc. (NYSE:PLTR) shares are trading flat Tuesday. The company announced a contract extension with the U.S. Army last Friday.
What To Know:
Palantir announced the extension of its partnership with the U.S. Army's Program Executive Office for Enterprise Information Systems (PEO EIS) to continue operating the Army Vantage data-driven operations and decision-making platform on Friday. The contract is a one-year extension of an on-going partnership, and the total contract value, inclusive of options, is $115.04 million, with $97.35 million awarded and initial funding obligated in the amount of $35.6 million.
On Dec. 7, Ark Invest purchased a total of 1,578,738 Palantir shares through ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). The transaction was valued at $27.04 million.
According to data from Benzinga Pro, Palantir shares are trading near the stock's 52-week high of $21.85, and 6.37% of available shares are being sold short.
Related News: Why Snap Shares Are Trending Higher
PLTR Price Action: According to Benzinga Pro, Palantir Technologies shares are up by 0.70% at $17.97 at the time of publication.
Image: Gerd Altmann from Pixabay
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
