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Why Palantir Technologies Is Trading Higher Today

January 11, 2021 10:39 am
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Why Palantir Technologies Is Trading Higher Today

The Price And Volume Action In Palantir Technologies's Stock Today

Palantir Technologies's (NYSE:PLTR) stock is trading up 3.96% to a price of $26.09. The stock's volume is currently 9.28 million, which is roughly 14.48% of its recent 30-day volume average of 64.09 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Palantir shares are trading higher. Strength potentially due to the recent confirmation of Biden as President and Democratic victories in Georgia, as the company won many of its government contracts under the last Democratic administration.

Insights On Recent Price Action

The stock's 50-day moving average was $21.65 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $33.5 and fallen to a low of $8.9.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

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