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Barchart
Sneha Nahata

Palantir Stock Crashes to a 52-Week Low: Why It’s Time to Buy the Dip.

Palantir United States

Palantir Technologies' (PLTR) stock has been under significant selling pressure for quite some time now. It recently crashed to a 52-week low, extending its year-to-date (YTD) decline to 36.03% and pushing it 45.3% below its previous 52-week high.

The sell-off has largely been driven by concerns surrounding valuation. For much of the past year, Palantir traded at a substantial premium to both traditional software companies and several large-cap technology peers.

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