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Benzinga
Benzinga
Business
Melanie Schaffer

Why Palantir May Be Heading Toward All-Time Lows; Yet A Near-Term Bounce Likely

Palantir Technologies, Inc (NYSE:PLTR) was trading down over 5% on Tuesday, heading dangerously close to the stock’s all-time low of $8.92 printed in early October 2020.

The packaged software and big analytics company has secured hundreds of millions worth of contracts over the past year, but the stock has been pummeled, falling over 76% from the Jan. 27, 2021 all-time high of $45.

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