PLTR Stock Shares Unlocked | Best Stock Picks Today 2-19-21

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TOP STOCKS TO BUY NOW

Palantir Slides With Nearly All Shares Unlocked for Trading

Palantir Technologies Inc. declined 7% on Thursday after a flood of shares became eligible to sell for the first time.

Nearly all shares are now unlocked for trading, the result of an unusual restriction placed on stockholders when the data software company went public. Source:

Such lockups are common after initial public offerings but less so for companies that list their shares directly on an exchange, as Palantir did on the New York Stock Exchange in September.

Palantir Stock Falls As 2021 Revenue Outlook Disappoints, IPO Lock-Up To Expire

PLTR got clobbered yesterday so I'm waiting for the deep pockets (and reportedly George Soros) to stop selling so I can begin building a new swing trade. In today's video I give the chart patterns and the price level I'm looking for.

The SPY ETF closed near the highs again and stock futures are positive. All is good right?

Underlying sectors continue to show less than perfect performance. Cracks "under the hood."

For me this means less swing trades and reduced position sizing. We discuss the price action in today's video and how that tells professional traders to manage position sizing.

WMT earnings hit the stock price yesterday and bearish order flow dominated the day. I'm stepping aside for now despite obvious support coming up.

Technology stocks top my list of stocks to buy today. This list includes WDC, MU and STX.

JPM appears to be pausing comfortably after a bullish gap and bullish rally, but I'm not buying here. I tell you why in today's video.

Finally we have one of my favorite trade setups unfolding in UPWK today. I give the exact price level I'm lookin to be a buyer.

Pete

Pete Renzulli Gmail
 

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