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Benzinga
Benzinga
Business
Adam Eckert

Palantir Stock Is Facing Selling Pressure: What's Going On?

The Palantir Trade

Palantir Technologies Inc (NASDAQ:PLTR) shares are trading lower Wednesday as the stock continues to pull back following a strong run in recent weeks. Here’s what you need to know.

What To Know: Palantir shares surged to new all-time highs earlier this month after the company beat analyst estimates on the top and bottom lines for the eighth straight quarter, reporting second-quarter revenue of $1.004 billion versus estimates of $939.71 million, and adjusted earnings per share of 16 cents versus estimates of 14 cents.

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