Why Palantir Stock Just Popped 16%

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.

Continue reading

Source Fool.com