Palantir Bounced Back From Sell-Offs Today -- Is the Stock a Buy Right Now?

Palantir Technologies (NASDAQ: PLTR) stock ended Wednesday's trading in the green despite opening with a substantial valuation pullback. The company's share price wound up climbing 2% in the day's trading, but it had been down as much as 4.8% earlier in the session.Palantir saw sell-offs along with the broader market to start today's trading as investors reacted to first-quarter gross domestic product (GDP) data from the U.S. Commerce Department. While economists had forecast growth of 0.4%, GDP unexpectedly contracted 0.3% annually in the period.The decline for GDP stemmed from a large increase in imports ahead of new tariffs implemented by the Trump administration, which should be a one-time event, but investors also reacted negatively to growth of 1.8% for consumer expenditures, falling well short of the 4% growth recorded in the prior-year quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool