Is Palantir (PLTR) Stock a Buy After Its 7% Drop Ahead of Earnings?
Image: CoinCentral
TLDR Palantir (PLTR) stock fell about 7% Friday, erasing roughly $34 billion in market value. A close below $188.15 would put it more than 10% under its Oct. 9 record close, confirming a correction. A basket of 45 software stocks lost over $260 billion, including about $83 billion at Microsoft (MSFT). The cybersecurity ETF CIBR is down about 10% this week, its worst week since March 2020. Palantir reports third quarter earnings on November 2, and $160 is the key support level to watch. Palantir (PLTR) stock fell about 7% on Friday, wiping out roughly $34 billion in market value. The drop came just days after the stock set record highs. Palantir Technologies Inc., PLTR The key level now is $188.15.
Read the full story on CoinCentralBeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.
