Palantir shares face renewed pressure as bond yields rise
After a strong postearnings rally in August, Palantir’s valuation multiple is under pressure again, with rising global bond yields cited as a factor.
By Christine JiAfter a strong postearnings rally in August, Palantir's rich valuation multiple is under pressure once againRising global bond yields have placed renewed pressure on high-multiple growth stocks, according to one expert.Palantir shares have earned a reputation for wild upward surges a…