Why Palantir Stock Has Fallen 30% in a Month, and Why Continued Declines Are Inevitable
Since closing at its all-time high share price of $124.62 on Feb. 18, Palantir (NASDAQ: PLTR) stock has headed almost straight back down. By Thursday's close, just four weeks after hitting its high, Palantir had lost almost 30% of its value. At one point, the stock was down closer to 40%.So what's the deal with Palantir? Just four weeks ago, it seemed this company was every investor's favorite defense stock. And now all of a sudden, it's a pariah. What's up with that?I see at least three main reasons for Palantir's freefall.Continue reading
Since closing at its all-time high share price of $124.62 on Feb. 18, Palantir (NASDAQ: PLTR) stock has headed almost straight back down. By Thursday's close, just four weeks after hitting its high, Palantir had lost almost 30% of its value. At one point, the stock was down closer to 40%.
So what's the deal with Palantir? Just four weeks ago, it seemed this company was every investor's favorite defense stock. And now all of a sudden, it's a pariah. What's up with that?
I see at least three main reasons for Palantir's freefall.
