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Why did Palantir Technologies (PLTR) stock go down on Oct 16, 2026?

Updated ยท Data: Nasdaq daily prices through Oct 16, 2026 close; SEC EDGAR

Quick answer

Palantir Technologies (PLTR) fell 7.2% to $186.03 on Friday, Oct 16, 2026, on 1.2x its 50-day average volume. The most recent SEC filing before the close was a Form 4 filed Oct 14, 2026.

Close (Oct 16, 2026)$186.03
Change-7.2%
Volume vs 50-day avg1.2x
From 52-week high-12.6%

What the data shows about the move

PLTR move in numbers

MetricValue
Close$186.03
Previous close$200.50
Change ($)-$14.47
Change (%)-7.22%
Day high / low$203.55 / $184.45
Volume33,354,880
50-day average volume28,752,367
52-week high / low$212.94 / $106.37
Above 52-week low+74.9%
50-day average price$182.57
200-day average price$152.65

Last 10 sessions

DateCloseChangeVolume
Oct 16, 2026$186.03-7.22%33,354,880
Oct 15, 2026$200.50-0.23%24,781,510
Oct 14, 2026$200.97-3.69%24,263,810
Oct 13, 2026$208.67-0.16%18,535,940
Oct 12, 2026$209.00-0.02%24,308,810
Oct 9, 2026$209.05+5.17%37,622,540
Oct 8, 2026$198.78+2.40%41,865,390
Oct 7, 2026$194.12+1.07%15,729,170
Oct 6, 2026$192.07+1.41%17,651,210
Oct 5, 2026$189.40+0.34%17,709,990

Peers in Computer Software: Prepackaged Software

CompanyClose Oct 16, 2026Change
ORCL Oracle$128.23-4.64%
SAP SAP SE ADS$224.29-0.32%
CRWD CrowdStrike Holdings$227.39-7.02%

Bull vs bear points from the data

Bull points

  • Closed above its 50-day average price ($182.57).
  • Above its 200-day average ($152.65), the long-term trend line.

Bear points

  • Down 11.0% over the last five sessions.

Points are computed from price, volume and filing data only; they are not forecasts or recommendations.

Latest SEC filings for PLTR

FormFiledDetailLink
4Oct 14, 2026FORM 4EDGAR
4Oct 13, 2026FORM 4EDGAR
4Oct 13, 2026FORM 4EDGAR
4Oct 5, 2026FORM 4EDGAR
4Oct 1, 2026FORM 4EDGAR
4Oct 1, 2026FORM 4EDGAR

For the full picture, including financials from SEC filings and insider trades, see our PLTR stock analysis.

Sources

  1. SEC EDGAR: Palantir Technologies Form 4 filing index (filed Oct 14, 2026)
  2. SEC EDGAR: Palantir Technologies Form 4 filing index (filed Oct 13, 2026)
  3. SEC EDGAR: Palantir Technologies Form 4 filing index (filed Oct 13, 2026)
  4. SEC EDGAR: Palantir Technologies Form 4 filing index (filed Oct 5, 2026)
  5. SEC EDGAR: Palantir Technologies Form 4 filing index (filed Oct 1, 2026)
  6. SEC EDGAR: Palantir Technologies Form 4 filing index (filed Oct 1, 2026)
  7. Nasdaq: PLTR historical prices and volume (daily data through Oct 16, 2026 close, retrieved Oct 19, 2026)
  8. Nasdaq: ORCL historical prices (peer) (Oct 16, 2026 close)
  9. Nasdaq: SAP historical prices (peer) (Oct 16, 2026 close)
  10. Nasdaq: CRWD historical prices (peer) (Oct 16, 2026 close)
  11. Nasdaq: PLTR earnings date (retrieved Oct 19, 2026)