How Will the Market React to Palantir Technologies Inc (PLTR) Stock Getting a Bearish Rating

The market has been down on Palantir Technologies Inc (PLTR) stock recently. PLTR gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Palantir Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PLTR!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PLTR Stock Today?

Palantir Technologies Inc (PLTR) stock has gained 0.44% while the S&P 500 has fallen -0.21% as of 1:07 PM on Friday, Jul 1. PLTR is up $0.04 from the previous closing price of $9.07 on volume of 20,460,855 shares. Over the past year the S&P 500 is lower by -12.10% while PLTR has fallen -65.44%. PLTR lost -$0.25 per share in the over the last 12 months.

More About Palantir Technologies Inc

Palantir Technologies provides organizations with solutions to manage large disparate data sets in an attempt to gain insight and drive operational outcomes. Founded in 2003, Palantir released its Gotham software platform in 2008, which focuses on the government intelligence and defense sectors. Palantir expanded into various commercial markets with its Foundry software platform in 2016 with the intent of becoming the data operating system for companies and industries. The Denver company had 125 customers as of its initial public offering and roughly splits its revenue between commercial and government customers. Click Here to get the full Stock Report for Palantir Technologies Inc stock.