Why Palantir Stock Plummeted in November
It has been a little over a year since Palantir Technologies' (NYSE: PLTR) much-celebrated initial public offering, which saw the stock jump nearly 150% from its initial trade through September. But the growth that investors had hoped to see at the time of the IPO failed to materialize in the company's third quarter, causing shares to trade down 20.2% for the month, according to data provided by S&P Global Market Intelligence.
Palantir is a data analytics company that sells to both the government and the private sector. Its tech is well regarded, and credited both with helping the Pentagon find Osama bin Laden and with sniffing out the Bernie Madoff fraud.
Image source: Getty Images.
Source Fool.com
