Palantir Momentum Amid Mixed Valuation Concerns

2 months ago

Tim Stenbec

"Palunteer shares closing almost 9% higher. Its best day since April 9th. So that stock a top gainer in uh the S&P 500. Also the NASDAQ 100. Keep in mind they were down about 11% last week. Uh but jumping in today's session. Uh I will point out Michael Bur uh and his Scion Asset Management remember just revealing about one week ago uh in a filing a 13F filing that at the end of September had it owned a bearish put options on 5 million Palunteer shares with the value of about 912 million. But there's been this back and forth evaluation on this one. Many say way way overvalued and we certainly saw investors rethink it uh last week but nonetheless investors coming back in a big way."

Palantir (PLTR) shares rallied nearly 9% after an 11% drop the previous week, marking their best day since April. Despite recent bearish signals such as significant bearish put options from Scion Asset Management and concerns over overvaluation, investors are returning strongly, indicating a mixed market reaction with a clear short-term momentum.

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