Palantir Technologies Ranks Third in Trading Volume with $120.51 Billion as Stock Surges 8.87% in Three Days

On June 3, 2025, Palantir Technologies (PLTR) saw a trading volume of $120.51 billion, ranking third in the day's stock market activity. The stock rose by 0.86%, marking its third consecutive day of gains and a total increase of 8.87% over the past three days.

Palantir's stock has been on a remarkable run, hitting new all-time highs driven by investor optimism surrounding its expanding business with the federal government. The company's AI-powered analytics software has been integrated into several government agencies, including the Department of Homeland Security and the Health and Human Services Department. This integration has fueled investor enthusiasm, leading to significant gains in the stock price.

The stock's recent performance can be attributed to a volume-backed breakout above a pennant pattern, indicating a continuation of its longer-term uptrend. Technical analysis suggests that the current uptrend may last until early July, with a bullish target of around $220. However, investors should keep an eye on crucial support levels around $125, $97, and $83 during potential pullbacks.

Palantir's success is also driven by its leadership in AI and the expanding government contracts it has secured. The company's technology has been adopted by multiple agencies, further solidifying its position in the market. This momentum has led to unprecedented investor sentiment, with the stock doubling since hitting its early-April low and up 75% since the start of the year.