Palantir Announces Transfer of Stock Exchange Listing to Nasdaq

Palantir Technologies Inc. (NYSE: PLTR) today announced that it will transfer the listing of its Class A Common Stock (the “common stock”) to the Nasdaq Global Select Market (“Nasdaq”) from the New York Stock Exchange. The Company expects to begin trading as a Nasdaq-listed company on November 26, 2024 and its common stock will continue to trade under the symbol “PLTR.” Upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index®.

Why investors are cheering the move.

The change positions Palantir for entry into the Nasdaq 100 index, after it joined the S&P 500 several months back

Palantir Technologies Inc. shares were already having a blockbuster year before the company’s announced entry into the S&P 500 back in September catalyzed the rally further.

Now the software company is anticipating entry into a new index, and investors are celebrating the move.