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Why Big Data Stocks Palantir, MongoDB, and C3.ai Fell Hard on Tuesday
Shares of big data-oriented software stocks Palantir (NYSE: PLTR), MongoDB (NASDAQ: MDB), and C3.ai (NYSE: AI) fell much more than the market today, down 4.4%, 4.5%, and 4.6%, respectively, as of 1:56 p.m. ET. This is especially true as interest rates were rising again today. In addition, year-end tax-loss selling may also be playing a part in declines for stocks with large year-to-date losses, which these three have in spades.
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