Palantir Shares Are Hitting New Highs On Wednesday: What's Going On?

Palantir Technologies Inc. (NYSE:PLTR) shares hit new all-time highs on Wednesday, continuing to surge on the back of strong earnings to start the week. Here’s what you need to know.

What To Know: Palantir stock has been on a tear this week, gaining nearly 25% over the past five sessions. The stock jumped about 12% late Monday after the company reported better-than-expected financial results for the third quarter.

Palantir reported earnings per share of six cents, beating analyst estimates of four cents. The company reported sales of $725.52 million, beating analyst estimates of $701.13 million and representing a 30% year-over-year climb. Strong sales results were driven by continued strength in ...