Should You Buy the Dip in Palantir?

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The stock has gained 157% over the past year. However, it has lost 13% over the past month and 5% over the past three months. It is currently trading 48.4% below its 52-week high of $45, which it hit on January 27, 2021.

Last month, the United Kingdom government announced that it is ending a deal with PLTR, following criticism from privacy groups about the lack of transparency on how the contracts were awarded. Its director Spencer Rascoff sold a total of 100000 shares in September 2021. In addition, hedge funds recently turned less bullish on the stock. So, PLTR’s near-term prospects look bleak. Here’s what could influence PLTR’s performance in the near term:

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