What's Going On With Palantir Technologies Stock?

Palantir Technologies Inc. PLTR shares are moving Monday, and the stock has gained more than 28% over the past month.

What To Know:

Last Tuesday, it was announced that Palantir Technologies had won a seven-year contract with the U.K.'s National Health Service to overhaul its software systems. The NHS said it anticipates investing 25.6 million pounds ($32 million) in the platform during the first year and up to 330 million pounds over the course of the contract.

Last Tuesday, RBC Capital analyst Rishi Jaluria reiterated Palantir Technologies with an Underperform and maintained a $5 price target.

According to data from Benzinga Pro, shares of PLTR are trading above the stock's 50-day moving average of $17.01 and near its 52-week high of $21.85. PLTR set the new 52-week high last Monday amid increased interest in the AI sector after a weekend full of corporate developments at OpenAI and Microsoft Corporation MSFT. 

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PLTR Price Action: According to Benzinga Pro, Palantir Technologies shares are trading flat at $19.20 at the time of publication.

Image: Gerd Altmann from Pixabay