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Palantir Surges 30%, Inflicting $3 Billion in Mark-to-Market Losses on Short Sellers

Stocktwits +1 ·

PLTR Palantir Technologies Inc
$162.53 +29.35%
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  1. 1Palantir Technologies (PLTR) shares jumped 30% in a single day, delivering $3 billion in mark-to-market losses to short sellers.
  2. 2The $2.7 billion in mark-to-market gains short sellers had accumulated since the start of the year has been wiped out entirely, and the stock recorded its largest one-day gain in two years.
  3. 3An upward revision to full-year revenue and operating income guidance, along with CEO Karp's remarks describing commercial AI demand as "transcendent," fueled buying.

This 3-line summary is compiled from the report below.

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