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!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With PLTR Stock Today?
Palantir Technologies Inc (PLTR) stock is trading at $7.69 as of 9:53 AM on Tuesday, Sep 27, a gain of $0.16, or 2.12% from the previous closing price of $7.53. The stock has traded between $7.65 and $7.83 so far today. Volume today is low. So far 2,299,437 shares have traded compared to average volume of 33,260,833 shares.
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.
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