In a week when the broad market rally lost some steam, Palantir Technologies Inc. (NYSE: PLTR) ended the week on a tear. PLTR stock was up 9.13% at the close of trading on November 15. The catalyst for the price movement was the announcement that Palantir was leaving the New York Stock Exchange and would be listed on the NASDAQ exchange.

Shares of Palantir Technologies were trading lower Monday, but stock of the software company still boasts incredible gains this year. The software stock fell 9.8% to $59.30 and was on track for its largest daily percentage decrease since May,

Palantir Technologies, the newest S&P 500 member, is the index's best performer in 2024 as of Nov. 15. It's the latest change at the top.Nvidia was the biggest S&P 500 leader in 2023 and ruled for much of 2024,