Why Palantir Technologies Stock Tumbled Again Today

Shares of software-company Palantir Technologies (NYSE: PLTR) has been a darling among retail investors since its publicly traded debut in late 2020, but the company has plenty of skeptics on Wall Street. Critics are getting their way for the time being.

Palantir stock was down 6.7% today as of market close, caught up in yet another steep slide for high-growth but richly valued stocks. Palantir is now nearly 60% below its all-time high, reached in early 2021.

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Source Fool.com