Palantir, Alibaba, and Ford See Top of the Market Options Volume
$Palantir(PLTR.US$ shares are rising again Wednesday after rallying more 6% on continued momentum following the company's better-than-expected quarterly results in which the company highlighted strong demand for its AI platforms. The stock is number four on the moomoo options volume list, with 898k contracts changing hands.
According to Benzinga Pro, Palantir's fourth-quarter revenue increased 20% year-over-year to $608 million, which beat the consensus estimate of $602.41 million. The company's earnings numbers were in line with analyst estimates.
"Our results reflect both the strength of our software and the surging demand that we are seeing across industries and sectors for artificial intelligence platforms," CEO Alex Karp said in a letter to shareholders.
$Alibaba(BABA.US$ also found itself at the top of options trading volume, with 407k contracts trading hands, after the company posted earnings. The stock fell nearly 6% after barley missing sales revenue estimates. Volume still pushed in favor of calls.
$Ford Motor(F.US$ was the last on the top of the stack that stood out, with 315k in options contract volume. The car giant reported earnigns above expectations, and announced a Tesla competitive EV.
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Moomoo News and Community Manager
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