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Why Palantir Reversed Course on Friday

Why Palantir Reversed Course on Friday

Palantir Technologies (NYSE: PLTR) shares have been on a wild ride of late, up 50% for the week and 170% for the month. The software and data tech company got off to a hot start Friday morning, gaining as much as 15%, but then plunged after a prominent short-seller issued a warning about the stock. The shares are now up more than 200% since its debut, with investors optimistic that Palantir's sophisticated data analysis tools will continue to gain traction with government and commercial customers.