Shares of Palantir Technologies Inc. PLTR,
sank 7.0% with the large volume heading for a sixth consecutive loss in Thursday morning’s trading, putting them on the way to suffer their biggest loss streak since going public, as the end of the trading period blocking puts all outstanding shares available for trading. Turnover reached 165.4 million shares, already almost three times the full-day average of 66.2 million shares in the last 30 days, and enough to make the big data software company’s shares the most actively traded on major US exchanges. The shares fell 34.0% during their losing streak and have now fallen 35.4% since closing at a record $ 39.00 on January 27. week, in which the company reported a surprise loss, although revenue has risen more than expected. The company had about 1.6 billion shares in circulation when it went public, but less than 500 million shares could be sold at the time. Despite the recent sale, the stock, which went public on September 30, still rose 40.7% in the last 30 days, while the Renaissance IPO ETF IPO,
rose 28.5%, SPDR S&P Software and Services ETF XSW,
rose 31.2% and the S&P 500 SPX,
gained 9.3%.
