Palantir (PLTR) Shareholders Lose 54% If They Invested a Year Ago

Israeli-based Palantir was shining in NYSE last year when many YouTubers were talking about its possible bright future. In January 2021 PLTR rose to $35.18 which was the highest record of all time. Unfortunately, today it is trading at $12.30 at the time of writing. Who bought PLTR shares in February of 2021 have lost 16.5 points today.

Short squeeze preferring traders are jumping off the PLTR bandwagon. Only patient and optimistic investors have not gone short while 64 million volume gets in red color. It is not awful yet due to the unreal possibility for PLTR to trade under $10. Additionally, EPS is approaching positive digits but costs are not tumbling yet.