Should You Buy the Dip in Palantir Stock?
Over the last year, shares of enterprise software company Palantir Technologies (NASDAQ: PLTR) have climbed by as much as 408%. While this suggests overwhelmingly bullish sentiment toward the company, more recent trends show a different picture.From Feb. 14 through Mar. 3, Palantir stock fell 33%. Let's explore what drove that sell-off and assess whether savvy investors should buy the dip.There are only so many reasons investors may choose to sell a stock. For example, they may be locking in their gains following Palantir's historic performance in 2024, or they could be trimming their positions to raise capital prior to tax season.Continue reading
Over the last year, shares of enterprise software company Palantir Technologies (NASDAQ: PLTR) have climbed by as much as 408%. While this suggests overwhelmingly bullish sentiment toward the company, more recent trends show a different picture.
From Feb. 14 through Mar. 3, Palantir stock fell 33%. Let's explore what drove that sell-off and assess whether savvy investors should buy the dip.
There are only so many reasons investors may choose to sell a stock. For example, they may be locking in their gains following Palantir's historic performance in 2024, or they could be trimming their positions to raise capital prior to tax season.
