2 Months Ago
2 Min Read

Off goes PLTR. The stock dropped today. The primary reasons:

PLTR
-0.47% 24h



Shares of Palantir Technologies Inc. (PLTR) are trading -8% lower at a price of $9.075 at the time of this writing.

  • Deutsche Bank cuts Palantir stock to Sell

Palantir Technologies Inc. has been trading between a 52-week high of $29.29 and a 52-week low of $6.44. The stock has a market cap of $17.7 Billion.

Palantir Technologies Inc. is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and non-profit sectors transform the way they use their data.

Headlines


Thinking about buying stock in T2 Biosystems, Palantir Technologies, Tuesday Morning, Shell, or Ironsource?
Benzinga 08-09-22

Are Earnings Actually Priced In? Analysts Upgrade or Downgrade Nike, Palantir and More – 24/7 Wall St.
24/7 Wall street 08-09-22

Here are Tuesday''s biggest analyst calls: Bed Bath & Beyond, Tesla, Target, Netflix, Palantir & more
CNBC 08-09-22

Futures Slide On Tech Weakness As Meme Stocks Fade, CPI Looms
Zero Hedge 08-09-22

Palantir slips as Deutsche Bank downgrades over slowing government business (NYSE:PLTR)
Seeking Alpha 08-09-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Dirtyramm - 69 upvotes - source
OP, did the same in 2020 with GME. Also slav country, The great kingdom of Lithuania. Was trading some china EVs, played PLTR, but whenever I would sell em, I would hold it in GME. It was my bank. Then it exploded, still hooding though, from 14$ all the way to 500$ back to 40$ back to 330$ etc. Be strong, diamond hands all the way you tard Edit: remove them fucking stop sell limits, that’s how they did 2021 March flash crash with idiots who had stop loss limits. When the shit really hits the fan, it can go up and down extremely and you’ll loose. Also looking longterm it’s a good price rn. The RC himself, our messiah, bought in when it was 12$ or smth. So relax and don’t be a pussy

Crying_Innocence - 36 upvotes - source
Fuck this, decided to stop bagholding PLTR and got what I could of this rocket (1.7k). Not much, but I want to be a part of this too ! God speed !

PandemicInvestor - 11 upvotes - source
#fuck you PLTR go die to hell u fucking ruined my life

lingswe - 9 upvotes - source
time to sell shitty PLTR and all-in BBBY

PandemicInvestor - 9 upvotes - source
#I lost 22.1k on PLTR today. Sold at 9.81

LightBoyRick69 - 9 upvotes - source
Emily Willis' pussy looking more wrecked than PLTR calls

Dr_Clout - 9 upvotes - source
Guys I lost $4k on PLTR last year trading fd’s so I did leaps. Then I lost $2k on PLTR yesterday on earnings and with the last $50 I had cash in account I threw it in 10.50 calls for this week like any BRAIN DAMAGED DUMBASS 🧠 would do. Maybe I do have autism. Nah. That’s an insult to them

HowLongCanIMakeACock - 8 upvotes - source
PLTR still below IPO

talm0 - 8 upvotes - source
PLTR might be a decent buy at $3. Still a bit risky.

AllTheDizzyPeople - 6 upvotes - source
I'm convinced PLTR will stay between 6-10 dollars for another 10 years and theta fuck anyone who thought leaps would be a good idea.