Friday looked set to be a crucial day for Palantir Technologies stock after its two-day 15% slump as investors assessed whether the weakness was a blip or something more sustained.The shares rose 0.5% to $106.

Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.

Shares of Palantir (PLTR) dropped nearly 13% on Thursday morning amidst news that its CEO is planning a new share sales initiative and a media report indicating that the Trump administration has instructed the Pentagon to reduce the U.