Closing Bell: Palantir Rises, Advance Auto, Urban Outfitters Both Soar on Results
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Closing Bell: Palantir Rises, Advance Auto, Urban Outfitters Both Soar on Results
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On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.
- Palantir (PLTR) shares were higher on reports it got a boost to an existing defense contract the AI firm already has with the US government.
- Advance Auto Parts (AAP) shares soared as high as 44%, a record intraday gain after the auto-parts retailer reported comparable sales that fell less than expected in the first quarter.
- Urban Outfitters (URBN) saw shares rise over 20% in trading, marking its biggest intraday rise since November of 2020 after the apparel retailer reported net sales for the first quarter that beat the average analyst estimate.
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