Palantir Technologies’ slump reaps billions for struggling short sellers

Stock image. Photo: Getty

Palantir Technologies’ six-session stock-market losing streak has wiped out $73bn (€63bn) in market value, handing a rare win to short sellers who had been getting pounded after betting against this year’s Wall Street juggernaut.

Since hitting a record on August 12, shares of the data analysis and software firm are down more than 17pc. It is its longest losing streak since April 2024, putting the stock on track for its worst week since the tariff tantrum in early April of this year. Shares in the company were edging higher in premarket trading, rising 0.8pc.

See Full Page