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Summary
Palantir (PLTR) closed at $169.20 on November 9, 2026, up 5.50%, ahead of the Nasdaq Composite's 2.74% gain.
Financial media tied the move mainly to a rebound in AI stocks after the prior week's selloff, and GuruFocus also pointed to the hiring of former Senator Jon Tester as an adviser.
Even after the gain, the stock closed 20.54% below its 52-week high of $212.94.
Gotrade News - In the latest Palantir stock news, Palantir (PLTR) closed at $169.20 on Monday, November 9, 2026, up $8.82 or 5.50% in the US session. Palantir stock gained as financial media tied the move mainly to a rebound in AI stocks after the prior week's selloff, with one report also pointing to a new adviser hire.
PLTR Trading Data
Data
Value
Closing price
$169.20
Change
+$8.82 (+5.50%)
Previous close
$160.38
Open
$161.27
Day range
$161.00 to $170.83
Volume
23.9 million shares
30-day average volume
24.9 million shares
52-week range
$106.37 to $212.94
Regular-session close on Monday, November 9, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 10, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Palantir opened at $161.27 and closed near the top of its $161.00 to $170.83 range, $8.20 above the day's low. Volume came to 23.9 million shares, 4.29% below the 24.9 million share average, so the gain did not come on heavier trading than usual.
The rise came on a strong day for the broader market. The Nasdaq Composite rose 2.74% to 25,253.14, the S&P 500 added 2.35% to 7,549.94 and the Dow Jones Industrial Average gained 2.15% to 52,389.75. Palantir finished 2.76 percentage points ahead of the Nasdaq. The US 10-year Treasury yield ended the session at 4.86%, up 0.5 basis points.
Among software and AI peers, Microsoft (MSFT) rose 2.75% and Oracle (ORCL) gained 3.18%, while chipmaker Advanced Micro Devices (AMD) climbed 13.26%. Even after Monday's gain, Palantir closed 20.54% below its 52-week high of $212.94 and 59.07% above its 52-week low of $106.37.
Financial media tied the gain mainly to a broader rebound in AI stocks. According to TIKR, Palantir rose with no company-specific news as buyers returned to higher-growth AI names after the previous week's AI selloff. TIKR quoted investor Steve Eisman, who said on The Real Eisman Playbook that "Palantir is a partial AI play and the market has been freaking out about all AI plays."
As reported by GuruFocus, investors were also reassessing the selloff that followed Palantir's third-quarter report. That report showed revenue of $2.31 billion against the $2.18 billion analysts expected, and adjusted earnings of 44 cents per share versus a 41-cent forecast.
A separate GuruFocus report linked the move to an NPR report that Palantir hired former Democratic Senator Jon Tester as an adviser. GuruFocus added that Palantir expects closer congressional scrutiny of its government work, including immigration-enforcement contracts.
PLTR Stock Analysis: Supporting Factors and Risks
Supporting Factors
Per GuruFocus, U.S. commercial revenue rose 148% year over year to $984 million in the third quarter, surpassing U.S. government revenue of $953 million for the first time.
GuruFocus reported that Palantir lifted its 2026 revenue forecast to about $8.53 billion and expects fourth-quarter revenue above $2.6 billion.
Risks
According to TIKR, total contract value grew only 6% in the third quarter, and the stock fell after the report despite revenue growth of 96%.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
