Palantir Drops on AI Valuation Concerns; Hertz Soars on Profit Beat | Stock Movers
Cristiana Gigina
On this episode of Stock Movers with Lisa Mateo: - Palantir Technologies (PLTR) shares fall as much as 6.1% in premarket trading on Tuesday, taking a breather after rallying more than 170% this year. The data-analysis software company raised its full-year forecast and reported third-quarter results that beat expectations. While analysts are broadly positive on the report, they flag concerns over the stock’s premium valuation. - Hertz (HTZ) reported adjusted earnings per share for the third
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