Shares of Palantir Technologies Inc. PLTR,
sank 7.0% in strong volume to a sixth consecutive loss in Thursday morning trading, causing it to suffer the longest series of losses since the IPO, as the expiration of the lock-in period puts all the remaining shares available for trading. Trading volume rose to 165.4 million shares, already nearly tripling the full-day average of 66.2 million shares in the last 30 days, and enough for the big data software company’s shares to be the most traded. on major US stock exchanges. Shares fell 34.0% during the loss period and have now fallen 35.4% since closing at a record $ 39.00 on January 27th. Helping fuel the declines is a concern for investors about the expiration of the deadlock and a disappointing report from the fourth quarter last week, in which the company reported a surprise loss, although revenues rose more than forecast. The company had about 1.6 billion shares outstanding when it went public, but less than 500 million shares were authorized to be sold at the time. Despite the recent sale, the shares, which became public on September 30, have accumulated 40.7% in the last 30 days, while the renowned IPO ETF ETF,
increased by 28.5%, ETDR S&P Software and Services ETF XSW,
increased by 31.2% and the S&P 500 SPX,
gained 9.3%.