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MarketBeat
MarketBeat
Chris Markoch

Palantir Stock Rises on Iran Conflict—But Here’s the Real Story

Palantir Iran PLTR GE Aerospace GE MarketBeat United States

Palantir Technologies Inc. (NASDAQ: PLTR) stock was up over 5% in intraday trading on Monday, March 2. The rally was caused by the initiation of military action by the United States and Israel against Iran. It may be an enticing trade, but remember that what goes up quickly can move lower just as fast.

For example, PLTR stock made a similar upward move when the United States launched a raid on Venezuela in January. But the stock quickly pulled back, down to around $130 just one week before the conflict with Iran commenced.

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