Shares of Palantir Technologies Inc. (PLTR) were rising 3.4% in Friday’s session toward their highest close in nearly two years.
The stock recently changed hands at $20.43 and is on track to log its highest finish since Nov. 30, 2021, when it ended at $20.65, according to Dow Jones Market Data. Palantir’s stock is set to advance for five out of the last six trading days. While shares are up 218% so far this year, they’re down 48% from their all-time closing high of $39 notched in January 2021.