Palantir (PLTR) Rallies After Cathie Wood's Increases Position

Palantir (PLTR) rallies after Ark Invest's Cathie Wood adds to position. George Tsilis joins Alex Coffey and Jenny Horne to discuss PLTR as Cathie Wood bought another 1.2M shares at an estimated $13M and bought $43M worth of stock last week. The latest purchase was done via Ark Innovation (ARKK), Ark Next Generation Internet (ARKW), and Ark Fintech Innovation (ARKF). PLTR's earnings came out May 8th with adjusted EPS coming in at $0.05 versus an estimated $0.04 and revenue coming in at $525.19M versus an estimated $504.84M. PLTR is also up over 95% from its 52-week low. George then highlights some technical trends to watch in the stock. Tune in to find out more about the stock market today.