Shares of Palantir Technologies Inc. PLTR,
sank 7.0% on a heavy volume on Thursday against a sixth consecutive loss in the morning trade, which put them on the right track to address their longest loss since the announcement, as all the outstanding shares are available to trades. Trading volume rose to 165.4 million shares, nearly tripling the 66.2 million shares’ triple average over the past 30 days, and enough to make the Big Data software firm’s most active stock trading on the US make. The stock tumbled 34.0% during the losing streak and has now fallen 35.4% since closing at a record high of $ 39.00 on January 27. Investors’ concerns about the closing decline are a disappointment, and a disappointing fourth-quarter report earlier. week, in which the company reported a surprising loss, although revenue rose more than forecast. The company had about 1.6 billion outstanding shares when it became known, but at the time, less than 500 million shares were admitted. Despite the recent sell-off, the share, which became known on September 30, has risen 40.7% over the past 30 days, while the invitation to the Renaissance stock exchange,
increased by 28.5%, the SPDR S&P Software and Services ETF XSW,
increased by 31.2% and the S&P 500 SPX,
achieved 9.3%.
