Palantir falls after Citron announces short position with $20 target

Shares of Palantir moved lower after Andrew Left’s Citron Research announced a new short position in the name with $20 year-end price target. The stock in morning trading is well off the day’s highs but remains up 47c to $29.52. Citron said via Twitter, “What a run the past month for all. But as traders looking for short exposure, $PLTR is no longer a stock but a full casino. Does not take a ball of crystal to know this will fall back to Arda. Shorting with a $20 2020 target.”