Why Palantir Stock Soared Today
Palantir stock jumped in a bullish day for the broader market, but it's still down 35% from its peak.
Why Palantir Stock Soared Today
Overview
Palantir (NASDAQ: PLTR) stock is seeing strong gains in Monday's trading, closing out the day's trading up roughly 5.2%. The S&P 500 index's level was up 1.7%, and the Nasdaq Composite was up 3.1%.
Palantir and many other growth stocks are enjoying strong bullish momentum today thanks to news that the U.S. and Iran have agreed to a peace deal. Even though the stock is rising today, it's still down 24% across this year's trading and 35% from its lifetime high.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
