Palantir Technologies Inc PLTR shares are trading higher in Thursday’s after-hours session after the company announced it will transfer its stock listing to the Nasdaq.
What Happened: After the market close on Thursday, Palantir announced that it would transfer the listing of its Class A common stock from the New York Stock Exchange to the Nasdaq Global Select Market.
Palantir said it expects to begin trading as a Nasdaq-listed company on Nov. 26. The stock will continue to trade under the ticker symbol “PLTR.”
“Upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index,” the company said.
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Palantir has been one of the hottest stocks of the year, having gained approximately 245% year-to-date, driven by the company’s positioning in the AI space.
Palantir…
