Moderately bullish activity in Palantir Technologies (PLTR), with shares up 20c, or 0.14%, near $145.38. Options volume relatively light with 378k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 1.02. Implied volatility (IV30) is higher by 1.6 points near 56.32,and below the 52wk median, suggesting an expected daily move of $5.16. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at UBS.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLTR:
- Why Palantir Stock (PLTR) Is Roaring Back as Geopolitical Tensions Rise
- Middle East War Merits a Price Target Hike for Palantir Stock, Says Rosenblatt
- These 2 S&P 500 Stocks Led the Market — Here’s Why
- ‘Bottoming Out’: Time to Buy Palantir Stock, Says Investor
- Palantir price target raised to $200 from $150 at Rosenblatt