Palantir Technologies Inc.’s six-session stock-market losing streak has wiped out $73 billion in market value, handing a rare win to short sellers who are getting pounded after betting against this year’s Wall Street juggernaut.
Since hitting a record on Aug. 12, shares of the data analysis and software firm are down more than 17%. It’s their 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 0.8%.