24H | Palantir Stock Jumps 3.5% After Announcing Transfer of Stock Exchange Listing to Nasdaq-To The Moon - Tiger Brokers Online Investing Community

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24H | Palantir Stock Jumps 3.5% After Announcing Transfer of Stock Exchange Listing to Nasdaq

Tiger Newspress11-15

Palantir Technologies on Thursday said it will transfer the listing of its Class A Common Stock to the Nasdaq Global Select Market from the New York Stock Exchange.

The company expects to begin trading as a Nasdaq-listed company on November 26, and its common stock will continue to trade under the symbol “PLTR.”

PLTR stock up 3.5% in overnight trading.

The move positions Palantir for more index eligibility, as Palantir anticipates meeting the requirements for the Nasdaq 100 index NDX, which is made up of the largest non-financial companies listed on the exchange. The company had a $135 billion market capitalization as of Thursday's close.

Investors can get excited about the prospect of new index entry because it means that funds tracking that index would have to buy Palantir shares. Addition into a high-profile index also serves as another sign of legitimacy to Wall Street.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Vik Sidhu
·11-15
as shareholders do we need to take any action from our end for this move. Sorry, I am new here, hence asking the question in community. Thank you
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