Why Is Palantir Stock Falling on Thursday?
Palantir Technologies Inc (NASDAQ: PLTR) stock fell Thursday amid profit-taking despite strong Q2 earnings, contrasting analyst upgrades with bearish positions.
Palantir had really good earnings, but some investors decided to sell their shares anyway to lock in profits they'd already made. When you see this, it shows people are being cautious about the future, even when current results look strong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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