Where Will It Be in 1 Year
Shares of Palantir Technologies (NASDAQ:PLTR) lost 3.86% over the past five trading sessions after losing 0.62% the five prior. So far this year, the stock is up nearly 133%, and since its October 2022 IPO, PLTR has surged an eye-catching 1,802.17%.
In September, it was reported that the company agreed to a £1.5 billion defense deal with the U.K. That comes not he back of an announcement in early August that the U.S. Army is consolidating 75 contracts into a single 10-year arrangement with Palantir valued at $10 billion. However, the so-called smart money have been selling the stock in flurries lately, leaving Palantir’s institutional ownership at just 53.78%….
