• 10
  • 1
  • Favorite

Palantir: A Perfect Storm Of Overvaluation And Being Overbought (Rating Downgrade)

seekingalpha09-26

There are numerous red flags indicating that the market's optimism around Palantir's stock has reached its absolute peak.Insider selling, particularly by CEO Alex Karp, and a high RSI indicate peak ...

Source Link

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

Comment1

  • Ahvi
    ·09-26
    Interesting perspective. Though I wonder if insider selling when stocks are at amazing prices is really a cause for concern. Agreed on RSI and current valuations without sight of further initiatives down the pipeline. If anything, a good correction will make it attractive for me. 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial