PLTR to Move from NYSE to NASDAQ: Could QQQ Addition Spark a Rally?

Palantir on November 14, 2024 filed an 8k detailing the company's decision to transfer its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market (Nasdaq). This move will officially take place after market close on November 25, 2024, with trading on Nasdaq beginning on November 26, 2024 under the same ticker symbol, PLTR.

Transfer of Listing: Palantir notified the NYSE of its voluntary decision to move its Class A Common Stock listing to Nasdaq. This change is part of the company’s strategic move, potentially allowing it to meet eligibility requirements for inclusion in the Nasdaq-100 Index, a move that could increase visibility and attract new investors.

Regulation FD Disclosure: Alongside this notice, Palantir has issued a press release (Exhibit 99.1) informing the public of the transfer and addressing forward-looking statements related to its Nasdaq listing, potential index eligibility, and other speculative benefits.

Forward-Looking Statements: Palantir outlined expectations about the Nasdaq listing, but also noted that these statements involve risks and uncertainties that could affect actual outcomes.

This transition to Nasdaq could indeed position PLTR for potential inclusion in tech-focused indexes like the Nasdaq-100 (QQQ), which may increase trading volume and attract more institutional investors. As of November 14, 2024, institutional investors hold approximately 45.65% of Palantir Technologies Inc. (PLTR) stock.