Palantir Stock Is Trending: What's Going On?
Portfolio Pulse from Erica Kollmann
Palantir Technologies Inc. (NYSE:PLTR) shares are trending on social media and have fallen by nearly 7% for the week. Despite releasing its Q2 financial report in line with expectations and announcing a $1 billion share buyback program, the shares have trended downward. The stock is also seeing above-average trading volume with over 41 million shares traded in the session.
August 18, 2023 | 4:28 pm
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Palantir's stock is down nearly 7% for the week despite meeting Q2 expectations and announcing a $1 billion share buyback program. The stock is also seeing above-average trading volume.
Despite releasing its Q2 financial report in line with expectations and announcing a $1 billion share buyback program, Palantir's shares have trended downward. This negative trend, combined with the stock's above-average trading volume, suggests a bearish short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100