Palantir Touches New All-Time High Before Fading After Hours: What's Going On?

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) surged to a fresh all-time high, despite there being no company-specific news to lead the session.

Check out the current price of PLTR stock here.

What Happened: The stock rose 3.72% on Wednesday, closing at $154.62, after reaching an all-time high of $155.68. It has since declined 0.39% after hours at the time of writing this. This brings the company’s year-to-date gains to 105.64%, 436% over the past year, and 1,580% over the past five years.

While there were no immediate catalysts that sparked the stock’s rally this week, the company has had a string of good news over the past month that has helped buoy the stock.

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