Why Is Palantir Stock Volatile on Monday?
Palantir Technologies Inc (NASDAQ: PLTR) stock slipped on Monday due to short-term profit-taking, following a week-long rally sparked by blowout second-quarter earnings.
Palantir's stock price went down a little on Monday because some people who bought it during last week's big jump decided to sell and lock in their gains. When a stock jumps up fast, people sometimes take profits, which can make the price wobble around.
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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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