Palantir's stock fell for a fifth straight day to continue its pullback from all-time highs.
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Palantir
’s stock slumped more than 9% on Tuesday, falling for a fifth straight day to continue its pullback from all-time highs.
The artificial intelligence software provider’s stock has slid more than 15% over the last five trading sessions, after a stellar earnings report earlier this month propelled shares to all-time highs. The report was Palantir’s first-ever $1 billion revenue quarter.
Tuesday’s dip coincided with a broader market pullback.
Earlier this month, Palantir rocketed to record highs after it posted a first $1 billion-revenue quarter and blew past Wall…
One analyst suggested stocks may be suffering from “rally exhaustion.”
The rise comes on the back of months of decline for the stock.
Palantir posted strong third-quarter earnings, but shares dropped 16% this month on valuation concerns and a short position from…
Palantir shares popped more than 8% after the software analytics provider lifted its full-year outlook, benefitting from ongoing…
Palantir's government business along with developments in artificial intelligence have helped push the company's market value…
