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Why Palantir Stock Is Gaining Today

TheMotleyFool

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Shares of Palantir Technologies (NYSE: PLTR) are climbing in today's trading session. The big data analytics company's stock was up roughly 5.5% as of 2:45 p.m. ET on Tuesday. Meanwhile, the Nasdaq Composite index was up roughly 1.7%.

Growth-dependent technology stocks are enjoying a day of strong bullish momentum in today's trading, and Palantir stock is getting a boost from the trend. The movement appears to be connected to news that progress is being made on negotiations that could bring an end to Russia's invasion of Ukraine.

Image source: Getty Images.

Source Fool.com

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