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Updated 26d ago
· 15 sources tracked
Palantir's selloff continues, marking the seventh straight session of declines (PLTR:NASDAQ)
Palantir Technologies shares have declined for seven consecutive trading sessions, reaching a new 52-week low. The stock is on track for its worst month in five years amid a broader software sector struggle. Analysts at Wedbush describe the stock as oversold.
What changed
The stock hit a new 52-week low and extended its losing streak to seven sessions.
Live updates
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Palantir Hits 52-Week Low Following Seven-Session Selloff
confidence 90%Palantir Technologies shares have declined for seven consecutive trading sessions, reaching a new 52-week low. The stock is on track for its worst month in five years amid a broader software sector struggle. Analysts at Wedbush describe the stock as oversold.
What's confirmed:
- Palantir shares fell for seven consecutive trading sessions.
- The stock reached a new 52-week low.
- Palantir is experiencing its worst month in five years.
Still unconfirmed:
- Michael Burry has a bearish thesis on AI and Palantir's valuation.