Palantir Is Up 16% in a Month but It's Falling Today: Take Profits, or Buy More?

Palantir Technologies shares are up 16% over the past month, but the stock is down 4% to $201.31 today, intensifying the debate over whether investors should take profits or add more. The company’s recent run has outpaced the broader software group: iShares Expanded Tech-Software Sector ETF (IGV) rose 6%, and Invesco QQQ gained 2%. ServiceNow gained 6% and still lagged Palantir, while Salesforce fell 4%, widening the gap. One key overhang eased: Reuters reported Palantir and London’s mayor’s office settled their lawsuit tied to a Metropolitan Police contract on October 14.