Palantir Drops 3% After Hours, Shedding $13 Billion in Market Cap
As seen on the 24/7 Wall St. homepage on November 2, 2026.
A 3.07% slide to $178.46 trims roughly $13 billion off a $412 billion market cap, and it lands in after-hours trading. Keep an eye on where the stock settles.
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Palantir's after-hours slide of about 3.07% erased roughly $13 billion of market value in a single session.
Prices drifted from the low $182s early in the session down through $180 and into the $178 range, a sign that sellers held control throughout rather than reacting to one discrete catalyst.
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For a stock carrying a market cap north of $400 billion, a move of this magnitude in after-hours trading is worth taking seriously. Thin after-hours volume can exaggerate swings, but a decline this sustained across the session carries more weight than a brief spike.
Where the stock opens in the next regular session is the key data point to watch. If selling continues into the open, the $178 area becomes the near-term level to follow.
Sources
Mentioned: PLTR