Palantir Technologies ( PLTR ) stock is trading higher on Monday. Here is a look at what’s going on.

What To Know: The technology company’s stock is now beating its 52 week high of $28.59, currently trading at $29.02, and trading above its 50 day moving average of $23.5.

The stock has recovered from its dip last Thursday, where it reached a trading price of about $27.19, amid weakness in the technology sector following the release of June’s Consumer Price Index data.

Analyst Changes: In June, Palantir ( PLTR ) received coverage from multiple analysts.

On June 21, Monness, Crespi, Hardt analyst Brian White downgraded Palantir Technologies ( PLTR ) from Neutral to Sell and announced a $20 price target.

On June 17, Argus Research analyst Joseph Bonner initiated coverage on Palantir Technologies ( PLTR ) with a Buy rating and announced Price Target of $29.

How To Buy Palantir Technologies Stock

By now you're likely curious about how to participate in the market for Palantir Technologies ( PLTR ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Palantir Technologies ( PLTR ), which is trading at $28.99 as of publishing time, $100 would buy you 3.45 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

Related Link: 5 Semiconductor Stocks Set For Explosive Growth In Second Half 2024, Says JPMorgan: Nvidia Not Included

PLTR Price Action: As of Monday morning, Palantir ( PLTR ) shares are trading 3.38% higher at $29.02 according to data from Benzinga Pro.