Shares of Palantir Technologies Inc. (NASDAQ:PLTR) are selling off again on Thursday. They have been in a steep decline along with most of the technology sector. But there could be support for Palantir around the $130 level. This is why we have made it our Stock of the Day.Supply and demand drive the market. If there is more supply than demand, meaning there are more shares to sell than to buy, the price will go down.This is because the investors and traders who wish to sell must undercut each other’s prices to attract buyers.
This action results in a downtrend.These downtrends tend to end or at least pause when they reach …Full story available on Benzinga.com
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