Palantir Technologies Inc. stock outperforms market despite losses on the day

Palantir Technologies Inc. stock outperforms market despite losses on the day

Shares of Palantir Technologies Inc. PLTR, -0.73% slid 0.73% to $9.49 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.92% falling 0.92% to 3,818.80 and Dow Jones Industrial Average DJIA, -0.62% falling 0.62% to 30,981.33. This was the stock’s third consecutive day of losses. Palantir Technologies Inc. closed $19.80 below its 52-week high ($29.29), which the company achieved on September 17th.

Despite its losses, the stock outperformed some of its competitors Tuesday, as Tyler Technologies Inc. TYL, -4.88% fell 4.88% to $324.19, Cognizant Technology Solutions Corp. CTSH, -0.84% fell 0.84% to $65.15, and Verint Systems Inc. VRNT, -2.49% fell 2.49% to $41.82.true Trading volume (42.7 M) remained 2.8 million below its 50-day average volume of 45.5 M.

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