Palantir Stock Plummets 42.89% Amidst Record Trading Volume Ranking Sixth in Market Activity

On June 12, 2025, Palantir Technologies Inc. (PLTR) experienced a significant drop in its stock price, closing at $0.88, marking a 42.89% decrease from the previous day. The trading volume reached 75.94 billion, placing it as the sixth highest in the day's market activity.

Palantir Technologies has recently announced a multi-year partnership with Fedrigoni, a specialty paper manufacturer. This collaboration aims to accelerate Fedrigoni's digital transformation by leveraging Palantir's advanced AI capabilities and innovative solutions. The initial focus of this partnership will be on optimizing stock levels and improving demand forecasting, which are crucial for enhancing operational efficiency.

The partnership is expected to significantly boost Fedrigoni's digital transformation initiatives, with a particular emphasis on stock optimization and demand forecasting. This strategic alliance will enable Fedrigoni to harness Palantir's AI-powered platform to drive operational improvements and enhance overall efficiency.