Palantir Technologies stock has been stellar in 2024. That has some bears sniffing around. Shares of the data analytics company are up about 150% this year, crushing the Nasdaq Composite’s 23% rise. Gains have left shares trading for about 108 times Wall Street’s estimated earnings expected over the coming 12 months,

A growing number of investors are shorting the stock of data analytics firm Palantir ($PLTR), which is a bet that the share price will decline.

Palantir Technologies (PLTR) stock is now at a peak price, pushing its put option premiums very high. Deep out-of-the-money (OTM) puts in near-term expiry periods are trading at high yields, making them worth shorting.

Palantir Technologies stock has been stellar in 2024. That has some bears sniffing around.Shares of the data analytics company are up about 150% this year, crushing the Nasdaq Composite’s 23% rise. The stock has fallen 3% to $41.