In a special Friday Blitz Daily, we’re taking a look at data analytics company Palantir as shares drop following a disappointing earnings report.
I hope you all had a happy Veterans Day, but before we head out for the week, I wanted to give you a glimpse into what the big institutional traders were swinging at ahead of the weekend.
Friday saw traders take aim at Peter Thiel’s beleaguered big data firm after delivering its second unimpressive earnings report in a row. While its revenue and sales growth outperformed consensus expectations, concerns over stock dilution fueled selling sentiment.
The stock continued to slide after the Nov. 9 report, losing over 14.5% from Monday’s closing price — ouch!
The bulls said they’d seen enough and jumped in for a quick dip by Friday afternoon!
And if that action isn’t to your liking, I have two more big trades to help take you into the weekend...
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