Palantir ($PLTR) Sees Significant Price Movement, Hedge Fund Interest, Gains +11.42%

Palantir Technologies Inc. ($PLTR) has experienced significant trading activity and price movement over the past few days. The stock closed up 3.66% to $22.1 on June 4, 2024, and reached $23 on June 5, 2024. By June 6, 2024, it was approaching the $24 mark. Hedge funds have shown strong interest in Palantir, with the number of hedge fund holders steadily increasing since Q1 2023, reaching the highest level as of March 31, 2024. Additionally, institutional holders have also shown increased interest. The stock has been highly active, with a Put/Call ratio of 52k/229k on June 6, 2024. Palantir's price movement suggests a potential bounce, as it inches its way into the former earnings gap down. The stock has gained +11.42% since the post on Stocktwits.