By Janet H. Cho
Shares of Palantir Technologies, whose data analytics software platforms are used by government defense and intelligence operations and energy firms, were getting a boost after the weekend raid that resulted in the U.S. capture of Venezuela's Nicolás Maduro.
Palantir shares rose 3.7% on Monday, to $174.04, snapping last week's five-day losing streak and notching its largest percentage increase since Dec. 19, according to Dow Jones Market Data. It was the eighth most active stock in the Nasdaq 100.
It traded as high as $175.82 intraday, a 4.7% gain and the largest intraday percent increase since Dec. 19. The stock is down 16% from its all-time closing high of $207.18 on Nov. 3, but up 129% over the past 12 months.
Mizuho said in a trading insights note on Monday that Palantir and its CEO Alex Karp are "massive supporters" of the U.S. military, pointing out that the federal government is one of the company's biggest customers.
"The success of the [Venezuela] exercise relied on Intelligence & execution," the Mizuho note said. It also said people shared internet posts about Palantir after the raid.
Palantir wasn't immediately available to comment on whether its products played a role in the raid.
Monday's stock move follows recent comments by veteran investor Louis Navellier, founder and chief investment officer of Navellier & Associates, who recently warned against chasing the "junk rally" and said to buy Palantir, Celestica Inc., and Seagate Technology Holdings, the Mizuho note said.
Write to Janet H. Cho at janet.cho@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 05, 2026 16:51 ET (21:51 GMT)
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