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Shares of Palantir Technologies Inc. (NYSE: PLTR) plunged -10.53% on Monday.
For a while, it seemed Palantir Technologies (PLTR -7.79%) could do no wrong, with the stock gaining as much as 1,250% the past two years. Then, investor sentiment took a turn for the worse.
Palantir (PLTR) traded more than $30 under its all-time high on Monday after it just hit that milestone last week. Kevin Green notes that a pullback "may be warranted" given its astronomical run higher.
@ProsperTradingAcademy's Scott Bauer says Palantir (PLTR) is in "no man's land" as its sell-off continues. However, he notes the stock can become a "valuation play" once it builds up support levels.
Shares of Palantir Technologies (PLTR -8.21%) are trading lower on Monday. The company's stock lost 8.4% as of 11:50 a.m.
In this video, I will cover the recent updates about Palantir (PLTR -9.02%) and explain why the stock is under pressure. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Palantir Technologies (NASDAQ:PLTR) has been one of the most richly-valued stocks in the stock market.
Palantir's (NASDAQ: PLTR) stock losses are accelerating, with the equity sliding below the critical $100 support level, a key anchor to its record high of nearly $125.
The stock is on pace for its fourth straight losing session.
Shares are down 19% over the past three trading days, putting a dent in the AI defense company's impressive run.
Palantir Technologies (PLTR -4.63%) shares have been red hot for the past couple of years, but the stock was tumbling after Defense Secretary Pete Hegseth ordered the Pentagon to slash its $850 billion budget by 8%, or about $50 billion.