PLTR: Crazy Volume Surge since 2/19
So, Palantir used to have average trading volume between 10M to 15M per day.
Since Feb 19 when the news came about Karp’s plan to sell 10M shares this year and Defense Deptt budget cuts, the Palantir volume has sky-rocketed to 150M-250M shares per day - that’s almost 1500% to 2000% increase in trading!
Almost 700 million shares traded in 4-days, between 2/19 and 2/24 !
Today’s volume already crossed 50M shares within 1-hour by 10:30am !!!
Not sure how long this kind of selling can ho on but I plan to hunker down and wait for the volume to come down!
Also, Palantir has an important developer event, called DevCon2, Feb 26-27. There is a topic “Project Announcements”. Let’s see if something like coring comes out!
So, Palantir used to have average trading volume between 10M to 15M per day.
Since Feb 19 when the news came about Karp’s plan to sell 10M shares this year and Defense Deptt budget cuts, the Palantir volume has sky-rocketed to 150M-250M shares per day - that’s almost 1500% to 2000% increase in trading!
Almost 700 million shares traded in 4-days, between 2/19 and 2/24 !
Today’s volume already crossed 50M shares within 1-hour by 10:30am !!!
Not sure how long this kind of selling can ho on but I plan to hunker down and wait for the volume to come down!
Also, Palantir has an important developer event, called DevCon2, Feb 26-27. There is a topic “Project Announcements”. Let’s see if something like coring comes out!