Palantir Adds $17 Billion in Value in Best Week Since Debut
- Stock rose almost 52% this week, the most since it went public
- Shares fell on Friday after Citron’s short-seller report
Photographer: Michael Nagle/Bloomberg
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Palantir Technologies Inc. posted its best week since it went public in September, adding about $17 billion in market value as a broad rally in tech stocks helped fuel gains in the software maker.
Its shares rose 52% since Monday and touched a fresh intraday record at $33.50. The stock lost some of the gains on Friday after Citron Research said in a tweet it was shorting the stock with a $20 target. The company ended the session at $27.66.