Palantir shareholders bemoan Cramer endorsement

With gains nigh on 400% over the last 12 months, Palantir’s run has caught the eye of CNBC talking head Jim Cramer, whose endorsements have a reputation among retail traders — unfairly or not — as something of a contrary indicator for shareholders.

The Inverse Cramer Tracker ETF, which bet against stocks he publicly recommended, launched in 2023 and was liquidated less than a year later due to lack of interest and poor performance, down 21% from inception to its exodus from the scene.

Time will tell. The stock came within spitting distance of its all-time high of $82.38 earlier today and is up more than 11% for the week.