Palantir Technologies Inc (NYSE: PLTR) shares are trading higher Thursday after the company announced an expanded partnership with U.S. Space Systems Command.
According to Benzinga Pro data, during Q1, Palantir Technologies (NYSE:PLTR) posted sales of $446.36 million. Earnings were up 35.09%, but Palantir Technologies still reported an overall loss of $101.38 million.
Palantir Technologies Inc (NYSE: PLTR) was spiking more than 6% higher on Thursday, attempting to break up from a bull flag pattern on the daily chart.
Shares of several companies in the broader tech sector, including Palantir Technologies Inc (NYSE: PLTR), are trading lower amid overall market weakness as stocks fall following weak retail earnings this week.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Someone with a lot of money to spend has taken a bearish stance on Palantir Technologies (NYSE:PLTR).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Palantir Technologies's (NYSE:PLTR) short percent of float has risen 5.48% since its last report. The company recently reported that it has 110.49 million shares sold short, which is 6.74% of all regular shares that are available for trading.
CNBC personality and show host Jim Cramer is well-known for his outspoken opinions on stocks and people. He is also known for sometimes flip-flopping on his viewpoints, which is likely the case with his opinion of Ark Funds CEO Cathie Wood.