Finance

Palantir Technologies Shares Dip Despite Past Gains

Published July 31, 2024

Palantir Technologies Inc. PLTR shares are experiencing a downturn in trading on Tuesday, in contrast to their performance over the past year. The data analytics firm, specializing in software platforms for the intelligence community, has seen its stock price spike by more than 32% over the previous twelve months, a significant leap forwards. The company, which is headquartered in Denver, Colorado, plays a crucial role in assisting U.S. counterterrorism investigations and operations with its advanced technology solutions.

Investment Avenues for Palantir Technologies

For investors looking to get involved with Palantir Technologies PLTR, there are a couple of exchange-traded funds (ETFs) that provide indirect exposure to the company's stock. One such ETF is the REX AI Equity Premium Income ETF AIPI, which offers an innovative approach to investing by focusing on AI-enhanced strategies. Another option for investors is the Global X Funds Global X Defense Tech ETF SHLD, which targets companies operating within the defense technology sector, aligning with Palantir's core business.

About Citigroup Inc. C

In the broader landscape of investment banking and financial services, Citigroup Inc. C has established itself as a leading multinational corporation. With its origins tracing back to the merger of Citicorp and the Travelers Group in 1998, Citigroup has grown to incorporate a variety of international subsidiaries and maintains the widely recognized Citibank among its holdings. Headquartered in New York City and incorporated in Delaware, Citigroup is a staple of the financial industry and offers a range of services across the globe.

Palantir, Citigroup, Stocks