What's Going On With Palantir Technologies Stock Friday?

Palantir Technologies Inc. PLTR shares are trading higher Friday and are up more than 8% over the last month. 

What To Know:

According to a Bloomberg report that surfaced on Wednesday, Palantir has has been selected as the recipient of a massive contract with the UK's National Health Service worth up to $579 million. According to the report, the announcement could be made official as soon as this month. 

This news follows the $250 million U.S. government contract awarded to Palantir in late September. 

Shares of Palantir are trading on above-average volume on Friday. According to data from Benzinga Pro, more than 33 million shares have already been traded in the session, compared to the stock's 100-day average of 61.196 million shares. 

Related News: What's Going On With Mirati Therapeutics Stock? 

PLTR Price Action: According to Benzinga Pro, Palantir Technologies shares are up 5% at $16.59 at the time of publication.

Image: Gordon Johnson from Pixabay