Palantir Technologies 
PLTR climbed Friday after investment firm ARK Invest increased its position in the data analytics and artificial intelligence company, adding shares across several of its exchange-traded funds.
The purchases totaled more than 30,000 shares and were spread across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The buying came after a prolonged decline in Palantir shares that pushed the stock to a recent 52-week low.
Palantir also drew attention from traders following a sharp drop in its Relative Strength Index, or RSI, a technical measure used to gauge price momentum. An RSI reading below 30 is often viewed as indicating oversold conditions, which can attract short-term buyers.
Despite recent market weakness, Palantir has continued to post strong business growth. The company reported first-quarter 2026 revenue of $1.63 billion, up 85% from a year earlier, and recently raised its full-year revenue outlook to a range of $7.65 billion to $7.66 billion.
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