Why Shares of Palantir Are Falling Today
Data analytics company Palantir Technologies (NYSE: PLTR) had an amazing November, up more than 150% despite no real needle-moving news. The stock is losing some of that altitude on Wednesday, down more than 15% at the open after a Wall Street analyst said it has risen too far, too fast.
Palantir's brief history as a publicly traded company has not been boring, at least. The at-times controversial data company co-founded by Peter Theil went public in late September, and has been soaring in the weeks since.
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Source Fool.com
