Palantir Replaces GameStop As WallStreetBets' Top Interest

Benzinga2021-02-19

Palantir Technologies Inc (NYSE: PLTR) is emerging as the new darling of the Reddit investor forum r/WallStreetBets. What Happened: The comment volume on the Peter Thiel co-founded company stood at 2,...

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章复来
2021-02-19
章复来
新韭菜又熟了

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On average, analysts estimated a profit of 2 cents per share. \nOn Thursday, the company’s shares extended losses for the sixth straight trading day as a stock lock-up period expired, freeing up 80% or 1.8 billion shares for sale.\nSince declaring results, Palantir stock has fallen over 16%.\nWhy It Matters: The selloff has attracted the attention of the online crowd who are further enthused by the loose association with Tesla Inc (NASDAQ: TSLA) CEO Elon Musk — who was a former business partner of Thiel, the Wall Street Journal reported.\nPreviously, WallStreetBets targeted heavily shorted stocks such as GameStop and AMC Entertainment Holdings Inc (NYSE: AMC). Unlike GameStop or AMC, Palantir is not in the crosshairs of short-sellers.\nThe GameStop short squeeze drama has now moved to Congress where on Thursday the House Financial Services Committee held a special hearing on the matter. See Also: GameStop Fame's Roaring Kitty To Congress: 'In Short, I Like The Stock'\nPrice Action: Palantir shares closed nearly 7% lower at $25.17 on Thursday and rose 4.85% to $26.39 in the after-hours session.\nPhoto by Tech.Co on Flickr\nSee more from Benzinga\n\nClick here for options trades from Benzinga\nMusk's Dogecoin Army Recruit Gene Simmons Turns Cardano Adherent — Here's Why\nDelay Pfizer COVID-19 Vaccine's 2nd Inoculation To Boost Supply? Here's What Research Is Saying\n\n© 2021 Benzinga.com. Benzinga does not provide investment advice. 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