Palantir Technologies (PLTR) Stock Takes a Hit: Shares Dip Sharply on Nasdaq Today
NEW YORK, NY – Shares of Palantir Technologies Inc. (Nasdaq: PLTR) faced significant downward pressure in recent trading activity, bucking its longer-term positive trend. The data analytics firm’s stock was seen trading at 88.59 USD, reflecting a decline of 3.42 USD or 3.72% for the session, according to data timestamped at 19:38 GMT+5:30.
This notable dip puts the stock considerably lower than its previous closing price of 92.01 USD. The intraday chart activity visible shows a distinct downward trajectory during the observed period, indicating selling interest in the prominent tech stock today.
Despite the day’s decline, Palantir’s performance metrics over slightly longer horizons paint a different picture. The stock remains up over 10% in the last 5 days and shows a gain of more than 16% over the past month. Zooming out further reveals even stronger results, with PLTR boasting a 6-month return exceeding 103% and an impressive 1-year gain of nearly 297%.
The contrast between today’s sharp pullback and the substantial gains logged over recent months and the past year highlights the volatility often seen in high-growth technology names listed on the Nasdaq Stock Market. Investors are closely monitoring PLTR following its significant run-up.
