Palantir Technologies (NYSE: PLTR) is trading higher Thursday morning with above-average volume amid increased retail investor interest in stocks on social media.
Average session volume is approximately 42 million over a 100 day period. Palantir’s daily trading volume was already approaching 30 million in less than an hour of start-up on Thursday.
Palantir was one of the top two trending stocks on Stocktwits at press time. The stock was among the top five most mentioned stocks on the r / wallstreetbets subreddit over the past 24 hours.
Palantir has continuously said that it expects revenue growth of 30% or more through 2025.
The company manufactures products for human-driven real-world data analysis.
PLTR price action: Palantir has traded as high as $ 45 and as low as $ 8.90 over a 52-week period.
The stock was up 4.14% to $ 28.20 at press time.
Photo: Cory Doctorow from Flickr.
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