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1236 days ago • Posted by Charles-Henry Monchau

Palantir will lose one-third of its value by year-end after surging more than 300% since going public, short-seller Citron Research says

Citron Research initiated a short position on Palantir shares on Friday, saying the stock's 300% leap since its direct listing on September 30 is unsustainable. The short-selling firm said it expected Palantir to tumble roughly 33%, to $20, by the end of the year. "As traders looking for short exposure, $PLTR is no longer a stock but a full casino," Citron said in a tweet. The news led Palantir to reverse strong early gains and slide as much as 10% - source: Markets Insiders

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