AI stocks are higher due to no

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Mr Mooney
2023-08-10

AI stocks are higher due to no firm reasons. Hedge funds are playing the price.

Palantir Stock Tumbles Over 10%, the Worst Six-Day Stretch Since May 2022

Palantir was a big AI winner and then August started. Now its stock is in free fall and could be headed lower.Palantir stock has fallen 8.75% to $15.55 on Wednesday, its lowest level since November 2022. With that decline, shares are now below their 50-day moving average, at $16.16, for the first time May. A lot of technical damage has been done. It's broken its uptrend line, which sat around $17, and its first level of support, near $16. Worse still, the stock has fallen for six straight days and is 22% during its losing streak, the worst six-day stretch since May 2022.

Palantir Stock Tumbles Over 10%, the Worst Six-Day Stretch Since May 2022

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Hedge funds are playing the price.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/207313958305968","repostId":2358070752,"repostType":2,"repost":{"id":"2358070752","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1691625276,"share":"https://www.laohu8.com/m/news/2358070752?lang=&edition=full","pubTime":"2023-08-10 07:54","market":"us","language":"en","title":"Palantir Stock Tumbles Over 10%, the Worst Six-Day Stretch Since May 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2358070752","media":"Dow Jones","summary":"Palantir was a big AI winner and then August started. Now its stock is in free fall and could be headed lower.Palantir stock has fallen 8.75% to $15.55 on Wednesday, its lowest level since November 2022. With that decline, shares are now below their 50-day moving average, at $16.16, for the first time May. A lot of technical damage has been done. It's broken its uptrend line, which sat around $17, and its first level of support, near $16. Worse still, the stock has fallen for six straight days and is 22% during its losing streak, the worst six-day stretch since May 2022.","content":"<html><head></head><body><p>Palantir was a big AI winner and then August started. Now its stock is in free fall and could be headed lower.</p><p>Palantir stock has fallen 10.5% to $15.25 on Wednesday, its biggest drop since November 2022. With that decline, shares are now below their 50-day moving average, at $16.16, for the first time May. A lot of technical damage has been done. It&#39;s broken its uptrend line, which sat around $17, and its first level of support, near $16. Worse still, the stock has fallen for six straight days and is 22% during its losing streak, the worst six-day stretch since May 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cea7fad2140e8646eb5067280bb5e0f6\" tg-width=\"852\" tg-height=\"843\"/></p><p>It&#39;s an odd move. Palantir stock peaked at $19.99 on Aug. 1, a move that put it up $211% since the start of the year. Palantir also reported earnings on Monday, numbers that initially looked good. It reported a profit of 5 cents a share, in line with analyst forecasts, while raising its revenue guidance. It even announced a $1 billion stock buyback. Analysts, too, seemed to like the numbers. &#34;Profitability is ahead of schedule, FCF is tracking better than expected, there is $3B on the balance sheet, and there is enthusiasm that the company may be eligible for S&amp;P 500 inclusion in the coming quarter,&#34; Raymond James analyst Brian Gesuale wrote on Monday. &#34;We are reiterating our Outperform rating and notching our target to $22.00.&#34; Even some bears raised their price targets.</p><p>But revenue growth slowed and sales guidance was raised by only $2 million, and that has the stock falling now. &#34;Stepping back, we view the quarter as mixed, at best, given the deceleration in growth and weak leading indicators,&#34; RBC analyst Rishi Jaluria wrote on Monday.</p><p>The next level of support is at $15, then $14. After that, investors need to look at its 200-day moving average at $10.</p><p>Hopefully, it doesn&#39;t come to that.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Stock Tumbles Over 10%, the Worst Six-Day Stretch Since May 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Stock Tumbles Over 10%, the Worst Six-Day Stretch Since May 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-08-10 07:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Palantir was a big AI winner and then August started. Now its stock is in free fall and could be headed lower.</p><p>Palantir stock has fallen 10.5% to $15.25 on Wednesday, its biggest drop since November 2022. With that decline, shares are now below their 50-day moving average, at $16.16, for the first time May. A lot of technical damage has been done. It&#39;s broken its uptrend line, which sat around $17, and its first level of support, near $16. Worse still, the stock has fallen for six straight days and is 22% during its losing streak, the worst six-day stretch since May 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cea7fad2140e8646eb5067280bb5e0f6\" tg-width=\"852\" tg-height=\"843\"/></p><p>It&#39;s an odd move. Palantir stock peaked at $19.99 on Aug. 1, a move that put it up $211% since the start of the year. Palantir also reported earnings on Monday, numbers that initially looked good. It reported a profit of 5 cents a share, in line with analyst forecasts, while raising its revenue guidance. It even announced a $1 billion stock buyback. Analysts, too, seemed to like the numbers. &#34;Profitability is ahead of schedule, FCF is tracking better than expected, there is $3B on the balance sheet, and there is enthusiasm that the company may be eligible for S&amp;P 500 inclusion in the coming quarter,&#34; Raymond James analyst Brian Gesuale wrote on Monday. &#34;We are reiterating our Outperform rating and notching our target to $22.00.&#34; Even some bears raised their price targets.</p><p>But revenue growth slowed and sales guidance was raised by only $2 million, and that has the stock falling now. &#34;Stepping back, we view the quarter as mixed, at best, given the deceleration in growth and weak leading indicators,&#34; RBC analyst Rishi Jaluria wrote on Monday.</p><p>The next level of support is at $15, then $14. After that, investors need to look at its 200-day moving average at $10.</p><p>Hopefully, it doesn&#39;t come to that.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4543":"AI","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4023":"应用软件","PLTR":"Palantir Technologies Inc."},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2358070752","content_text":"Palantir was a big AI winner and then August started. Now its stock is in free fall and could be headed lower.Palantir stock has fallen 10.5% to $15.25 on Wednesday, its biggest drop since November 2022. With that decline, shares are now below their 50-day moving average, at $16.16, for the first time May. A lot of technical damage has been done. It's broken its uptrend line, which sat around $17, and its first level of support, near $16. Worse still, the stock has fallen for six straight days and is 22% during its losing streak, the worst six-day stretch since May 2022.It's an odd move. Palantir stock peaked at $19.99 on Aug. 1, a move that put it up $211% since the start of the year. Palantir also reported earnings on Monday, numbers that initially looked good. It reported a profit of 5 cents a share, in line with analyst forecasts, while raising its revenue guidance. It even announced a $1 billion stock buyback. Analysts, too, seemed to like the numbers. \"Profitability is ahead of schedule, FCF is tracking better than expected, there is $3B on the balance sheet, and there is enthusiasm that the company may be eligible for S&P 500 inclusion in the coming quarter,\" Raymond James analyst Brian Gesuale wrote on Monday. \"We are reiterating our Outperform rating and notching our target to $22.00.\" Even some bears raised their price targets.But revenue growth slowed and sales guidance was raised by only $2 million, and that has the stock falling now. \"Stepping back, we view the quarter as mixed, at best, given the deceleration in growth and weak leading indicators,\" RBC analyst Rishi Jaluria wrote on Monday.The next level of support is at $15, then $14. 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