Palantir Technologies Inc. experienced a 3.11% increase in its stock over five trading sessions, reflecting a nearly 137% rise since January 13. The stock is up more than 441% over the past year and has increased 1,573.87% since its public offering in October 2020. It secured a federal contract from the Trump administration to create a database on U.S. citizens and won a $30 million contract from ICE for immigration tracking. Predictions about the company's long-term stock performance remain complicated for investors, given short-term analyst targets.
Shares of Palantir Technologies Inc. gained 3.11% over the past five trading sessions, continuing a rally that has seen the stock rise by nearly 137% since its year-to-date low on Jan. 13.
Palantir won an immigration tracking federal contract from the U.S. Immigration and Customs Enforcement (ICE) worth $30 million to create an immigration Lifecycle Operating System.
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