Palantir (PLTR) shares rose more than 5% on June 26. This rebound ended a seven-session losing streak. The stock previously touched a new 12-month low of $107.27.
Cathie Wood’s ARK Invest purchased approximately 30,500 shares. This acquisition signaled renewed confidence and encouraged dip-buyers to enter the market.
Palantir stock remains down significantly in 2026 despite reporting strong revenue growth. Investors are weighing the company's high valuation against a broader market rotation away from high-growth AI software stocks.