On a stochastic view — that is, devoid of any other context aside from the temporal — historical pricing data for PLTR stock reveals an upward bias. A position entered at the beginning of the week has a 55.51% chance of rising by the end of it. Over a four-week period, this metric slips only slightly to 53.57%.

Cathie Wood stocks have done well in the past few months, with the ARK Innovation ETF (ARKK) soaring by 72% to $64. It has risen by 40% in the last 12 months compared to the Nasdaq 100 index that has risen by 24%.