PLTR Insiders often sell prior to earnings, especially if earnings are going to be strong. Counterintuitive but it makes sense. You don't schedule insider sales after earnings unless you want to send up red flags to the SEC. Profit margins are going to be insane on PLTR this past quarter with significant commercial customer acquisitions and a mature platform that now costs nothing to run. Every earnings call you've heard for the past week highlights record AI spend (on the hardware side) but the software side is even larger and there's really only one player. PLTR. Add in their all out assault on the ERP space with SAP, Workday, Oracle and even orchestration tools such as ServiceNow in their crosshairs, I'm seeing an expansion of their commercial business unlike any previous quarter. Their career page shows 130+ openings, many in business development. They simply can't keep up with demand. Despite the technicals, I think they crush earnings during a volatile week and close out the week at $49.
PLTR First time talkin in PLTR but alright let give it a go
First of all while i am bearish on this thing i still belive it has the momentum left to make a pull back up
A move back to 45 is very likely before we see anything of substance to the downside
if this happen it would tell me that the chances for the earnings to fail would be very high in account of the market share and their recent growth rate as well considering both the lowering of both market demand growth and the rapid growth very recently
This is a decently probable chance of happening
If however the stock were to hit the 36 to 33 mark without a pull backup or anything below it would tell me that there might be a really high chance that this is a temporary dump with the day right before earnings being pumped to all heck
Overall i am bullish about this thing only before the earnings
For me i am getting out of all positions before earnings and simply watching how it unfolds