Palantir (NYSE: PLTR) has taken investors on a wild ride since its direct listing last September. The stock started trading at $10 per share and stayed nearly flat over the following month. However, Palantir stock started rallying in November and hit an all-time high of $45 a share in January. Its strong third-quarter report initially attracted more bulls, then positive buzz on Reddit's WallStreetBets forum catapulted the stock to fresh highs alongside GameStop and other "meme stocks."
Unfortunately, investors who chased Palantir were burned when the stock price plunged back to the low $20s. Should investors consider buying Palantir amid all those volatile swings, or is it still far too risky?
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Source Fool.com