Recovery rally emerges from oversold conditions. Palantir Technologies (PLTR) shares climbed 5.04% to $139.08 on Wednesday, rebounding from a brutal month-long selloff that sliced 21.5% off the stock’s value since mid-January. The move came on volume of 32.7 million shares—40% below the recent daily average—suggesting opportunistic buying rather than institutional conviction.

Technical bounce follows steep correction. The stock hit an intraday high of $140.96, its strongest level since February 12, after trading as low as $126.23 last week. PLTR now sits 17.7% below its 50-day moving average of $168.93 and 13.6% under its 200-day average of…