Trending tickers: Palantir, Meta, Amazon, Wetherspoon and EVgo

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Palantir (PLTR)

Shares in analytics software company Palantir closed the previous session nearly 5% higher, after Barron's reported on Wednesday that chairman Peter Thiel had completed selling stock in his latest trading plan.

Thiel reportedly sold 12,412,322 shares from 27 September through to 1 October for $457m (£347m).

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Year-to-date Palantir is up nearly 129%, with the stock having surged in August on the back of the company's second-quarter results.

Palantir posted second-quarter revenues of $678.1m, a 27% increase year-on-year, against expectations of $652.8m.

The company raised its revenue guidance for the 2024 fiscal year to between $2.742bn and $2.75bn. It also raised its adjusted operating income guidance to between $966m and $974m.

Meta Platforms (META)

Tech giant Meta continued to hit fresh highs over the past week, with the shares up to $583 in pre-market trading on Friday morning.

Shares have climbed higher following a developer event last week, in which CEO Mark Zuckerberg unveiled Meta’s newest artificial intelligence (AI) model, Llama 3.2. Meta also revealed its new “Orion” augmented reality glasses, as well as its latest Ray Ban smart glasses and mixed-reality Quest headset.

Meta said back in April that it planned to spend between $35bn and $40bn over the course of 2024.

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Speaking to Yahoo Finance on Thursday, Barton Crockett, Rosenblatt’s senior research analyst, explained why he was bullish on the stock.

"The devices that they were showing off at their recent Meta Connect [are] more resonant with the consumer than even what Apple is doing right now," he said. "And their Ray-Ban glasses could actually be something of a hit this Christmas."

Meta announced earlier this week that it is set to release its third-quarter results on 30 October after market close.

Amazon (AMZN)

Another technology company trending with investors is Amazon, which closed Thursday's session nearly 2% in the red but was up 1% in pre-market trading on Friday.

Amazon said it was planning to increase the number of advertisements across films and television shows on Prime Video in 2025, the Financial Times reported on Wednesday.

Kelly Day, vice-president of Prime Video International, told the FT that advertising would “ramp up a little bit more into 2025”.

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Amazon began rolling out ads on its Prime Video streaming service earlier this year, with Day saying that it had started with a “very light ad load”.