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Here's Why Palantir Stock Fell 12% in December

TheMotleyFool

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Here's Why Palantir Stock Fell 12% in December

Data analytics stock Palantir Technologies (NYSE: PLTR) dropped 11.8% in December as investors continue to move away from growth stocks with high valuations. Similar stocks, including Splunk (NASDAQ: SPLK) and Alteryx (NYSE: AYX), had very similar charts throughout the month. This indicates that market forces are behind the move, which occurred without any significant news from Palantir.