Shares of Palantir Technologies Inc.
shed 1.41% to $18.94 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.95% to 4,712.02 and the Dow Jones Industrial Average
rising 0.60% to 35,970.99. This was the stock’s second consecutive day of losses. Palantir Technologies Inc. closed $26.06 below its 52-week high ($45.00), which the company reached on January 27th.
The stock underperformed when compared to some of its competitors Friday, as Tyler Technologies Inc.
rose 0.36% to $515.08, Cognizant Technology Solutions Corp.
rose 1.37% to $82.10, and Verint Systems Inc.
rose 1.11% to $49.40. Trading volume (27.5 M) remained 11.2 million below its 50-day average volume of 38.7 M.