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Why Palantir Stock Is Sinking Today

TheMotleyFool

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Why Palantir Stock Is Sinking Today: https://g.foolcdn.com/editorial/images/869911/gettyimages-1410807011.jpg

Palantir (NASDAQ: PLTR) stock is moving lower again in Wednesday's trading. The company's share price was down 4.5% as of 2:50 p.m. ET despite a bullish backdrop for the broader market. The S 500 was up 0.7% at the same point in the session, and the Nasdaq Composite was up 1.4%.

Stocks are rebounding after big sell-offs in yesterday's trading, but Palantir isn't taking part in the relief rally. While there doesn't appear to be any fresh business-specific news dragging the company's valuation lower, the stock has been under pressure lately.

Image source: Getty Images.

Source Fool.com

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