What's Going On With Palantir Stock Wednesday?
Portfolio Pulse from Adam Eckert
Palantir Technologies Inc (NYSE:PLTR) shares are trading lower amid overall tech weakness following Alphabet Inc’s (NASDAQ:GOOG) quarterly earnings results. Alphabet reported strong Q2 revenue and earnings but saw its shares move lower. Palantir, which has seen significant gains this year, is experiencing a sell-off despite recent highs and positive analyst sentiment.
July 24, 2024 | 7:50 pm
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NEGATIVE IMPACT
Alphabet reported strong Q2 revenue and earnings, beating estimates, but shares moved lower. The overall tech sector is experiencing weakness, impacting stocks like Palantir.
Despite strong Q2 results, Alphabet's shares moved lower, contributing to overall tech sector weakness. This has a negative short-term impact on stocks like Palantir.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Palantir shares are down 6.86% amid overall tech weakness following Alphabet's earnings. Despite recent highs and positive analyst sentiment, the stock is experiencing a sell-off.
Palantir's stock is reacting negatively to the broader tech sector's weakness following Alphabet's earnings. Despite strong performance and positive analyst sentiment, the stock is experiencing a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100