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Palantir drops 10% for worst day since May as investors continue dumping onetime market favorite - TL;DR CNBC

Palantir drops 10% for worst day since May as investors continue dumping onetime market favorite

Publishing timestamp: 2025-02-24 15:35:01


Summary

Palantir shares fell sharply on Monday, marking its fourth straight losing session and worst day since May. The decline comes after a new stock sale plan from the CEO and comments about potential defense budget cuts. Despite a surge in popularity among retail investors, the stock has tumbled almost 24% over the past five trading days.


Sentiment: NEGATIVE

Tickers: .SPXPLTR

Keywords: technologybreaking news: marketsbusiness newsstock marketss&p 500 indexinvestment strategypalantir technologies incpete hegsethmarketsbreaking news: technologybreaking news: investing

Source: https://www.cnbc.com/2025/02/24/one-time-market-favorite-palantir-drops-10percent-on-monday-and-is-now-down-nearly-30percent-from-high.html


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