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Why Palantir Technologies Is Trading Lower Today

February 2, 2021 10:34 am
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The Price And Volume Action In Palantir Technologies's Stock Today

Palantir Technologies (NYSE:PLTR) is currently down 9.05% to a price of $31.34. Tuesday the stock has been traded at a volume of 22.11 million, about 36.92% of its recent 30-day volume average of 59.87 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Palantir Technologies shares are trading lower, selling off following last week's surge, which was driven by high retail investor interest and speculative trading.

See also: Best Online Software Engineering Degree Programs

Further Analysis of Recent Price Action

The 50-day moving average price of Palantir Technologies's stock was $26.79 when this article was published. The stock reached a high of $45.0 and a low of $8.9 in the past 52 weeks.

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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