Shares of Surf Air Mobility (SRFM) are surging after Palantir (PLTR) disclosed in a filing that it acquired 1,040,557 common shares of Surf Air on June 18 at a price of $2.07 per share. According to a separate filing released June 23, Palantir owns 4,461,564 shares, or about 19.9% of Surf Air. Shares of Surf Air Mobility are up roughly 78% in afternoon trading.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SRFM:
- Surf Air Mobility reports milestones in optimization phase of transformation
- Cautious Optimism for Surf Air Mobility Amidst Delayed SurfOS Rollout and Market Uncertainty
- Surf Air Mobility price target raised to $4 from $3 at Piper Sandler
- Surf Air Mobility co-founder Shahani purchases $1M of company stock
- Surf Air Mobility’s Mixed Earnings Call Highlights