Palantir Technologies Inc (NASDAQ:PLTR) stock faced volatility on Monday, with the stock falling in the premarket, only to recover losses later.
The pullback follows short-term profit-taking by traders after a blowout weekly advance.
According to Benzinga Pro data, PLTR stock rallied 38% last week despite remaining down 2.17% year-to-date.
Second-Quarter Earnings Beat Estimates
On Aug. 3, Palantir reported second-quarter revenue of $1.94 billion, up 93% year-over-year, topping Wall Street estimates of $1.8 billion. Adjusted earnings reached 41 cents per share against expectations of 35 cents per share.
