2 hours ago
Palantir Stock Jumps After a Big Purchase by Cathie Wood’s Ark
By
Hannah Miao
, Reporter
Shares of Palantir jumped 13% on Thursday, on pace to close at a fresh 52-week high.
The move comes after innovation investor Cathie Wood’s Ark Investment Management disclosed a large purchase of Palantir on Wednesday.
The firm said it bought more than 900,000 shares of Palantir for its flagship ARKK exchange-traded fund, a buy worth roughly $9 million as of Wednesday’s close.
Ark also reported purchases of about 350,000 Palantir shares for two other ETFs.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-18-2023/card/palantir-stock-jumps-after-a-big-purchase-by-cathie-wood-s-ark-ZrdwhnP7ehTrjHGDtpmq?siteid=yhoof2&yptr=yahoo