Palantir Technologies Inc. (NYSE:PLTR) has been a frustrating stock for many traders over the past few months, because despite its popularity on Robinhood and in the Fintwit communities, the stock has traded sideways since Feb. 23 despite releasing heaps of news. On June 10, $576,204 worth of call contracts were purchased by institutions who believe the price of Palantir is about to go higher, with one options trader betting over $90,000 its stock could reach $35 by November.
Palantir Knocks On Resistance Again: Can It Bust Through?