Short-seller Citron targets PLTR again, using a Databricks comparison to argue the stock is overvalued after its report sent shares falling.

The price trend for Palantir Technologies Inc. (PLTR) has been bearish lately and the stock has lost 15.4% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon,

Palantir stands out with its scalable AI impact, unique Ontology platform, and defensible moat. Read why I think PLTR stock is a buy-on-pullback opportunity.

As Palantir drops 15%, tech bull Dan Ives calls the selloff a healthy buying opportunity and sees massive long-term upside for the AI leader.

Palantir shares tumbled Tuesday afternoon, extending recent losses as a high-profile short seller fueled worries the stock could be overvalued after a strong run earlier this year.

Palantir Technologies (NASDAQ:PLTR) has shed $73 billion in market value over a six-session slide, offering a rare boost to short sellers who’ve struggled against one of Wall Street’s top performers this year.

In recent days, Palantir's stock has been showing signs of slowing down. After hitting a new all-time high of $190 on Aug. 12, it has proceeded to trade lower. By Monday, the AI stock would close at just over $174 -- down 8% from its recent high.

Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) fell 6% in the morning session after a prominent short-seller reiterated its bearish stance on the company, citing significant overvaluation and heavy insider selling.

Palantir stock has been on a rough run, slipping for the fifth straight session and now sitting 12% below its recent all-time high. Despite reporting a blockbuster Q2 with stronger revenue and guidance,

Aug 21 - Palantir Technologies ( NASDAQ:PLTR) lost roughly $73 billion in market value over a six-session slide, a sharp reversal after its Aug. 12 record high. Shares fell more than 17%, producing about $1.6 billion in profits for short sellers, Bloomberg reported using S3 Partners data.

Shares in Palantir TechnologiesPLTR tumbled in early action on Wednesday, declining for the sixth straight session. With Wednesday's retreat, Palantir stock is down roughly 22% from its all-time high.