Options Bulls Blast Palantir Technologies Stock

In the last month, PLTR has added over 24%

Digital Content Manager
Jun 7, 2021 at 3:45 PM
facebook X logo linkedin


The shares of software name Palantir Technologies Inc (NYSE:PLTR) are up 1.6% to trade at $24.42 at last check. The equity has been trading mostly sideways since March, after cooling off from a Jan. 27, all-time high of $45, which is more than four times its initial public offering (IPO) price of $10. Shares regained support at the 10-day moving average in mid-May, and over the last month have added 24.4%.

PLTR 10 Day

Additionally, the security recently appeared on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that have attracted the highest weekly options volume within the last two weeks. In Palantir Technologies stock's case,1,247,258 weekly calls and 296,645 weekly puts have crossed the tape during this time.

MAO 0607

The brokerage bunch is pessimistic towards Palantir Technologies stock, with three of the four in question carrying a tepid "hold" or worse rating, while only one said "strong buy." Plus, the 12-month consensus target price of $22.43 is an 8.7% discount to the stock's current perch. This leaves ample room for price-target hikes and/or upgrades going forward, which could push shares higher. 

Lastly, the equity looks ripe for a short squeeze. Short interest is up 53.5% in the last two reporting periods, and the 85.27 million shares sold short make up 6.1% of PLTR's available float.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI