Palantir Rally Erases $3B in Short-Seller Bets
TL;DR Summary
Palantir Technologies’ stock jumped about 30% on Tuesday, wiping out roughly $3 billion in paper gains accumulated by short-sellers after the company’s earnings update; despite the rally, PLTR is down about 10% for the year, marking its strongest one-day gain in roughly two years and underscoring the risk to bearish bets as sentiment improves.
- Palantir Stock Massive Jump Wipes Out $3 Billion in Short-Seller Gains Yahoo Finance
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- Palantir Short Sellers Take $3 Billion Hit After 30% Stock Surge Bloomberg.com
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