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Here's Why Palantir Technologies Stock Sank 17.6% Last Month

TheMotleyFool

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Here's Why Palantir Technologies Stock Sank 17.6% Last Month

Shares of Palantir Technologies (NYSE: PLTR) sank 17.6% in July, according to data from S&P Global Market Intelligence. Despite debuting a new product offering for its Foundry data analytics platform and announcing continued collaboration with the U.S. government on vaccine distribution projects, the stock lost ground amid market volatility.