If You'd Invested $1,000 in Palantir in 2020, This Is How Much You Would Have Today

Palantir (NYSE: PLTR) didn't gain much attention when it went public via a direct listing last September. The data mining firm's stock started trading at $10 a share, but remained below that level for most of the following month. But if you had bought 100 shares of Palantir at $10 on the first day, your $1,000 investment would have grown to $4,500 back in January.

Today, it would be worth nearly $2,900 -- which is still an impressive one-year gain. Let's see why investors weren't initially interested in Palantir, why it subsequently attracted a stampede of bulls, and why it could still have room to run after retreating from its all-time highs.

Image source: Getty Images.

Source Fool.com