Why Is Palantir Stock Falling on Tuesday?

Palantir Technologies Inc. (NYSE: PLTR ) stock dropped on Tuesday, primarily driven by profit-taking following a 7% surge during Monday’s trading session. 34%. Read Also: Stock Market Today: Dow Jones Futures Gain as Coca-Cola Jumps After Q2 Beat, S&P 500, Nasdaq 100 Decline—Boeing, Johnson & Johnson in Focus Palantir is scheduled to report second-quarter earnings on August 3.

8 billion for the quarter. For the prior quarter, Palantir reported EPS of 33 cents, beating the consensus estimate of 28 cents. 54 billion. Palantir has beaten EPS estimates in each of its last four quarters.

662 billion, implying 71% year-over-year growth, up from prior guidance of 61% growth. On Friday, Citigroup maintained a Buy rating on Palantir while lowering its price forecast to $200. 04). That "stack" keeps rallies vulnerable to selling into overhead supply, especially near the mid-$130s.

The bigger-picture trend remains pressured after the death cross in February (the 50-day SMA falling below the 200-day SMA), a classic longer-term bearish signal. Even after bounces, that backdrop often turns moving averages into resistance zones until price can reclaim them. 35, which is neutral and suggests the stock isn’t especially stretched to the upside or downside right now. In plain English, RSI helps gauge whether a move is getting overheated; here it reads more like a range-bound tug-of-war than a one-way trend.

82 at the time of publication on Tuesday, according to Pro data. Read Also: Trump's Zombie Tariffs Are Back— and Top Economist Justin Wolfers Says It's a 'Never-Ending 24/7 Saga' Photo: PJ McDonnell / Shutterstock