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2021-06-19

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PLTR Stock: The Palantir-FAA Deal News Should Have Investors Smiling Today

Palantir Technologies(NYSE:PLTR) stock is on the move Friday following news of a deal with the Feder

PLTR Stock: The Palantir-FAA Deal News Should Have Investors Smiling Today

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That includes reintegrating the 737 MAX fleet back into service after it was suspended due to fatal crashes.\nPalantir Technologies’ deal with the FAA is set to last for one year. However, there’s also the option to extend it by up to two years. The agreement has a maximum value of $18.4 million.\nAkash Jain, president of Palantir USG, said the following about the agreement with the FAA that should have PLTR stock gaining today.\n\n “We are proud to be partnering with the Federal Aviation Administration to support their critical safety mission.”\n\nThe fact that PLTR stock is actually moving lower today despite this news is strange. The company’s shares did start off rising in early morning trading, but quickly fell back down to yesterday’s close before dipping even lower.\nIt’s also worth noting that trading volume isn’t taking off on news of the FAA deal, either. As of this writing, more than 20 million shares of PLTR stock had changed hands. 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PLTR Stock: The Palantir-FAA Deal News Should Have Investors Smiling Today

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