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Why Palantir Stock Just Popped 16%

TheMotleyFool

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Shares of Palantir Technologies (NYSE: PLTR), which had drifted lower for most of this week, caught a big updraft on Friday and are flying 16.4% higher as of 1:45 p.m. EST.

Investors appear to be responding to an announcement from Palantir yesterday, in which the government IT contractor provided details on its upcoming inaugural Demo Day to be held at 4:30 p.m. EST on Jan. 26.

Image source: Getty Images.

Source Fool.com

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