PLTR is trading at $131.78 (-3.10%) as shares slip on hotter-than-expected inflation data and rising oil prices from Middle East tensions.
- The stock is extending a pullback from $136 as the tech sector faces pressure from shifting Fed rate hike fears.
- The decline persists despite the May 12 announcement regarding an expanded partnership in Ukraine.
- No major company-specific news was released today, with the move largely tracking broader market sentiment.