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Palantir (NYSE: PLTR) stock hit Tuesday after releasing its fourth quarter 2020 earnings report this morning

Unfortunately, the company’s fourth quarter results were inconsistent for investors in PLTR stock, including an operating loss of $ 15657 million and revenue of $ 32209 million. Wall Street estimated operating profit at $ 481 Million on sales of $ 300.74 million

Palantir notes that there are several reasons its operating loss did not meet expectations for the quarter, which includes $ 2418 million in stock-based compensation and $ 189 million related to employer payroll taxes

It’s worth noting that the decline in PLTR stock today is greater than normal trading.This includes around 87 million shares that are changing hands. The company’s average daily trading volume is around 72 million shares

Another thing potential investors need to know about PLTR stock is where much of their trading comes from, the stock is a frequent target of social media investors, including those who make up the Reddit WallStreetBets

These traders have selected stocks they want to buy and hold by buying and holding stocks, which has shown that they are targeting several other stocks in an attempt to raise stock prices before paying out profits

PLTR shares fell 87% from Tuesday morning but is still 247% year-to-date

At the time of this writing, William White held positions (neither directly nor indirectly) in the securities referred to in this article

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PLTR Stock

World News – US – PLTR Stock Alert: Why Palantir Stocks Take a Fall on Tuesday

Source: https://investorplace.com/2021/02/pltr-stock-alert-why-palantir-shares-are-taking-a-tumble-tuesday/