Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Palantir Stock Is Sinking Today

TheMotleyFool

0 0

Why Palantir Stock Is Sinking Today: https://g.foolcdn.com/editorial/images/858969/gettyimages-1410807011.jpg

After strong gains in yesterday's session, Palantir (NASDAQ: PLTR) stock is losing ground in Tuesday's trading. The company's share price was down 1.4% as of 11:45 a.m. ET. Meanwhile, the S 500's level had declined by 1.6%, and the Nasdaq Composite's level was off 1.8%. The stock had been down as much as 4.8% earlier in the day.

New developments in the U.S. and Israel's conflict with Iran have roiled global markets today, and Palantir's share price is being pressured. While the software specialist has strong positions in the defense industry, it's not completely immune to bearish trading connected to geopolitical volatility.

Image source: Getty Images.

Source Fool.com