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Why Palantir Stock Jumped 15.9% in March
Shares of Palantir (NYSE: PLTR) gained 15.9% in March, according to data from S&P Global Market Intelligence. The data-analytics company’s stock benefited from market momentum and bounced off a lifetime low that it hit in the previous month. After big sell-offs in February, the S&P 500 index rose 3.6% last month, while the Nasdaq Composite index climbed 3.4% across the stretch.In addition to positive market momentum, Palantir stock also appears to have gotten a boost from favorable coverage from analysts.
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