Red Cat Shares Rise 15% on Palantir Partnership

Dow Jones
16 Dec 2024
 

By Denny Jacob

 

Red Cat Holdings shares rose 15% after announcing a strategic partnership with Palantir Technologies.

Shares were trading around $9.49. Year to date, the stock is up about 1,000%.

The Puerto Rico-based drone technology company said the partnership would integrate Palantir's visual navigation software into select Red Cat drones, among other efforts.

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

December 16, 2024 09:52 ET (14:52 GMT)

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