Palantir stock plummets 20% from highs in longest losing streak since April 2024

Group 1 - Palantir shares have entered bear market territory after six consecutive days of heavy selling, marking a 20% decline from recent highs [1] - The stock closed in correction territory after a 15% loss from its peak [1] - This decline is the longest streak of selling for Palantir since April 2024 [1] Group 2 - The drop in Palantir's stock price followed a broader market selloff and was influenced by a short-seller report from Citron Research, which criticized the company's valuation [2] - Citron Research suggested that Palantir's shares should be priced at $40 based on a comparison to OpenAI's recent $500 billion valuation [2] - The report indicated that Palantir's current price reflects success that exceeds its fundamental performance [3]