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MarketBeat
MarketBeat
Business
Chris Markoch

Palantir Stock Nears Bear Market Territory - Why and What’s Next?

Palantir Technologies Inc. (NASDAQ: PLTR) stock is officially in a bear market, which is defined as a drop of more than 20% for any length of time. The decline is unsettling for some retail investors who bought the stock during its run-up. However, with the stock filling the gap on the downside, it's fair to ask what's driving this decline and how much further it might fall.

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