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Why Palantir Reversed Course on Friday

TheMotleyFool

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Why Palantir Reversed Course on FridayPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png

Palantir Technologies (NYSE: PLTR) shares have been on a wild ride of late, up 50% for the week and 170% for the month. The software and data tech company got off to a hot start Friday morning, gaining as much as 15%, but then plunged after a prominent short-seller issued a warning about the stock.

Palantir, a software and data company co-founded by Peter Thiel, went public in late September and really started to jump higher in late October. The shares are now up more than 200% since its debut, with investors optimistic that Palantir's sophisticated data analysis tools will continue to gain traction with government and commercial customers.

Image source: Getty Images.

Source Fool.com

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