• 22
  • Comment
  • Favorite

Palantir Shares Slide over 4% After the Latest S&P 500 Snub

Tiger Newspress03-04

Palantir shares slid over 4% after the latest S&P 500 snub.

CEO Alex Karp been boasting since last summer that Palantir's strong results make it eligible for inclusion in the S&P 500. However, S&P just released its latest update for the index, and Palantir has been snubbed but included Super Micro Computer and footwear designer and distributor Deckers Outdoor Corp.

The changes will take effect on March 18.

Inclusion in the S&P 500 typically benefits stocks as index funds holding portfolios that mirror the index are obligated to buy them to maintain the weightings of the constituent stocks. Additionally, the increased trading volume and liquidity due to purchases by index funds and ETFs further bolster the stock’s value.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • selwyn
    ·03-05
    Thanks 
    Reply
    Report
  • Nutiyagon
    ·03-04
    Since the main AI stock rally Palantir still stagnant. Lets wait to drop further? 
    Reply
    Report
    Fold Replies
    • Rkid
      20-21 peobably new base
      03-04
      Reply
      Report
  • manta76
    ·03-04
    They don have that longevity to be listed on S&P  yet
    Reply
    Report
  • Daytraderz
    ·03-04
    4% nice dip ? 
    Reply
    Report
  • So what is that mean for palantir increase or go down ?
    Reply
    Report
  • Ahvi
    ·03-04
    Nice dip
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial