Shares of Palantir Technologies Inc. PLTR,
heavy magnitude fell 7.0% to the sixth straight loss in Thursday morning trading, setting them on the path to the longest missed climb from going public, given the timing lockout ends all of the shares still available for trading. Trading volume amounted to 165.4 million shares, already almost three times the full-day average of 66.2 million shares over the past 30 days, and enough to stock the big data software company to trade the most major US exchanges. The stock has fallen 34.0% during the losing streak, and has now fallen 35.4% since closing at $ 39.00 higher than January 27. Helping fuel the recessions are investors’ worries about closes out, and a fourth-quarter disappointment report earlier this week, in which the company reported a dramatic loss, although revenues rose more than expected. The company had about 1.6 billion shares payable when it went public, but was allowed to sell less than 500 million shares at the time. Despite the recent sell-off, the stock, which went public on September 30, has still accumulated 40.7% over the past 30 days, while the Renaissance IPO ETF,
up 28.5%, XSW ET&S ETF X&S SPDR Software,
walked up 31.2% and the S&P 500 SPX,
has acquired 9.3%.