Palantir Stock Rose 60% in the Third Quarter. Here's What Its Other Big Quarters Did Next.
The software company has seen five other quarters as strong. Did its stock keep climbing afterward?
Overview
Shares of Palantir Technologies (NASDAQ:PLTR) closed September around 60% above where they started July, climbing from about $117 to about $187. Much of that came in one day. The stock surged around 29% the day after the company posted its second-quarter results on Aug. 3, a quarter when revenue rose 93% year over year.
That kind of quarter isn't new to longtime shareholders, though. By my count, it was the sixth time the AI software specialist's stock has gained 40% or more in a quarter since it started trading in September 2020.
Details
After the other five, shares kept rising the next quarter four times. But five cases is a small sample, and the path behind each of those quarter-end numbers was far from smooth.
Source
Originally published at www.fool.com.
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