Palantir Stock Rises on Presidential Endorsement and ARK Invest Purchase
Palantir stock rose 2.3% pre-market to $131.05 on Monday, April 13, following a presidential endorsement and a large purchase by ARK Invest. President Trump posted on Truth Social that Palantir Technologies (PLTR) has proven war fighting capabilities. Cathie Wood’s ARK Invest bought 85,485 PLTR shares across five of its ETFs, with the total value between $10.95 and $11.15 million. The ARKK ETF led the purchase with 46,455 shares. Despite the bounce, Palantir is down 28% year-to-date in 2026.
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