PLTR Stock Update: Palantir Sees Choppy Trading, Slightly Down Midday
Palantir Technologies Inc (NASDAQ: PLTR) is experiencing a day of fluctuating prices, trading marginally lower in the early afternoon on May 1st. The stock was priced at 118.37 USD as of 1:09 pm GMT-4.
This current price reflects a minor dip of 0.070 USD, equivalent to a 0.059% decrease for the session compared to the prior close of 118.44 USD. The trading day has been characterized by notable volatility. Palantir shares opened significantly higher at 120.04 USD and posted an early session high of 120.19 USD.
However, the stock couldn’t maintain these levels, retreating through the morning to hit a low of 117.11 USD. The subsequent price action shows a partial recovery from the day’s low point, contributing to the choppy trading pattern visible on the intraday chart.
Key data points accompanying the price include Palantir’s market capitalization of 27.94KCr and a high Price to Earnings (P/E) ratio of 627.66. The company does not distribute a dividend.
The stock’s 52 week range provides broader perspective, with a high of 125.41 USD and a low of 20.50 USD. Today’s activity places the stock well within these boundaries, but the back and forth movement is a key feature of the session. Investors continue watching PLTR closely as the afternoon progresses.
