Why Palantir Stock Plummeted This Week
Palantir (NASDAQ: PLTR) stock saw another series of big valuation pullbacks this week. The software specialist's share price closed out the period down 15.9% from the previous week's market close, according to data from S&P Global Market Intelligence.Palantir's valuation sank early in the week's trading as investors continued to digest potential macroeconomic risk factors from tariffs and other catalysts. The company's share price then saw another big sell-off on the day of trading following Nvidia's fourth-quarter report.Palantir's stock started this week's trading off with a day of sell-offs as investors reacted to news that the Trump administration plans to go forward with plans to enact new tariffs on Mexico and Canada. Shares also pulled back in conjunction with news that the administration intends to introduce new export restrictions that would prevent certain categories of semiconductors and chip-manufacturing equipment from being sold to China.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool
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