Palantir Technologies Inc. stock rises Tuesday, still underperforms market – MarketWatch

Shares of Palantir Technologies Inc. PLTR, -0.47% advanced 2.67% to $8.46 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, -0.20% rising 3.06% to 3,790.93 and the Dow Jones Industrial Average DJIA, -0.14% rising 2.80% to 30,316.32. This was the stock’s eighth consecutive day of gains. Palantir Technologies Inc. closed $18.65 below its 52-week high ($27.11), which the company reached on November 8th.
The stock underperformed when compared to some of its competitors Tuesday, as Tyler Technologies Inc. TYL, +1.21% rose 3.92% to $362.89, Cognizant Technology Solutions Corp. CTSH, -0.05% rose 2.76% to $60.66, and Verint Systems Inc. VRNT, -0.22% rose 3.40% to $36.19. Trading volume (36.2 M) remained 366,467 below its 50-day average volume of 36.6 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
As tempting as it might be to call a bottom in stocks, Nicholas Colas, co-founder of DataTrek Research, said Tuesday that investors should brace for more carnage in the near term as several reliable historical signs of a durable bottom are still missing from markets.

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