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Why Palantir Stock Climbed 12.7% in December

TheMotleyFool

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Why Palantir Stock Climbed 12.7% in December

Palantir (NASDAQ: PLTR) stock posted another month of strong gains in December's trading. The company closed out the period with its share price up 12.7%, according to data from S&P Global Market Intelligence.

Palantir was one of 2024's hottest stocks, and it ended the stretch with another month of double-digit gains. The company's share price rose in conjunction with new contract wins and reports of a potentially disruptive new partnership aimed at making waves in the defense industry.

Image source: Getty Images.

Source Fool.com

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