Palantir Stock Price Falls Over 10%: Jim Cramer Wonders If It Was A Casualty Of Russell Rebalance Days After Calling It A $200 Stock
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Palantir Technologies Inc. saw its stock price drop over 10% amid speculation about the impact of the Russell index rebalance. Jim Cramer questioned if this decline was linked to the rebalancing, despite previously suggesting the stock could reach $200. The stock remains up approximately 93% year-to-date, with strong momentum and growth rankings. Cramer highlighted Palantir's innovative approaches and endorsements from industry leaders, including Microsoft’s CEO. After the drop, shares rose 2.85% in after-hours trading.
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