What's Going On With Palantir Technologies Stock?

Palantir Technologies, Inc. PLTR shares are trading higher Wednesday. The stock appears to be moving on continued upward momentum from the last three sessions.

What To Know:

Shares of PLTR are moving up on above-average trading volume. According to Benzinga Pro, more than 36.7 million shares have been traded in the session, compared to the stock's 100-day average of 78.251 million shares.

According to data from Benzinga, Palantir CEO, Alexander Karp, sold $10.99 million worth of Palantir stock options on Aug. 22 and Aug. 23.

Short interest in PLTR shares continues to grow with 7.23% of available shares being sold short, according to Benzinga Pro.

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PLTR Price Action: According to Benzinga Pro, Palantir shares are up over 5% at $16.18  at the time of publication.

Image: Joshua Woroniecki from Pixabay