Stock Track | Red Cat Holdings Plunges 12% After-Hours Despite Palantir Partnership as Q2 Earnings Disappoint

Stock Track

Dec 17, 2024

Red Cat Holdings Inc. (RCAT) shares tumbled nearly 12% in after-hours trading on Monday despite an earlier rally during the regular session on news of a partnership with AI software giant Palantir Technologies.

The Puerto Rico-based drone technology company had announced a strategic partnership with Palantir to integrate the latter's visual navigation software into select Red Cat drones. This collaboration would utilize Palantir's AI software running onboard the drones to provide accurate navigation independent of GPS or radio signals.

The partnership news initially sent Red Cat shares soaring as much as 25% during Monday's trading to an intraday high of $10.35. However, the stock swiftly reversed course in after-hours trading following the company's fiscal second-quarter earnings release.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1193684088"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1193684088\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1193684088?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-17 05:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1193684088","market":"us","top_or_hot":-1,"title":"Stock Track | Red Cat Holdings Plunges 12% After-Hours Despite Palantir Partnership as Q2 Earnings Disappoint","media":"Stock Track","content":"<p>Red Cat Holdings Inc. (RCAT) shares tumbled nearly 12% in after-hours trading on Monday despite an earlier rally during the regular session on news of a partnership with AI software giant Palantir Technologies.</p>\n\n<p>The Puerto Rico-based drone technology company had announced a strategic partnership with Palantir to integrate the latter's visual navigation software into select Red Cat drones. This collaboration would utilize Palantir's AI software running onboard the drones to provide accurate navigation independent of GPS or radio signals.</p>\n\n<p>The partnership news initially sent Red Cat shares soaring as much as 25% during Monday's trading to an intraday high of $10.35. However, the stock swiftly reversed course in after-hours trading following the company's fiscal second-quarter earnings release.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Red Cat Holdings Plunges 12% After-Hours Despite Palantir Partnership as Q2 Earnings Disappoint</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Red Cat Holdings Plunges 12% After-Hours Despite Palantir Partnership as Q2 Earnings Disappoint\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-17 05:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Red Cat Holdings Inc. (RCAT) shares tumbled nearly 12% in after-hours trading on Monday despite an earlier rally during the regular session on news of a partnership with AI software giant Palantir Technologies.</p>\n\n<p>The Puerto Rico-based drone technology company had announced a strategic partnership with Palantir to integrate the latter's visual navigation software into select Red Cat drones. This collaboration would utilize Palantir's AI software running onboard the drones to provide accurate navigation independent of GPS or radio signals.</p>\n\n<p>The partnership news initially sent Red Cat shares soaring as much as 25% during Monday's trading to an intraday high of $10.35. However, the stock swiftly reversed course in after-hours trading following the company's fiscal second-quarter earnings release.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RCAT","symbol_name":"Red Cat Holdings Inc.","start_time":0,"source_url":"","article_id":"1193684088","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193684088","pubTimestamp":1734384750,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Red Cat Holdings Inc.  shares tumbled nearly 12% in after-hours trading on Monday despite an earlier rally during the regular session on news of a partnership with AI software giant Palantir Technologies.The Puerto Rico-based drone technology company had announced a strategic partnership with Palantir to integrate the latter's visual navigation software into select Red Cat drones. This collaboration would utilize Palantir's AI software running onboard the drones to provide accurate navigation in","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RCAT":"Red Cat Holdings Inc."},"translate_title":"尽管与Palantir合作，Red Cat Holdings盘后仍暴跌12%，因为第二季度盈利令人失望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RCAT":1},"content_text":"Red Cat Holdings Inc. (RCAT) shares tumbled nearly 12% in after-hours trading on Monday despite an earlier rally during the regular session on news of a partnership with AI software giant Palantir Technologies.\nThe Puerto Rico-based drone technology company had announced a strategic partnership with Palantir to integrate the latter's visual navigation software into select Red Cat drones. This collaboration would utilize Palantir's AI software running onboard the drones to provide accurate navigation independent of GPS or radio signals.\nThe partnership news initially sent Red Cat shares soaring as much as 25% during Monday's trading to an intraday high of $10.35. However, the stock swiftly reversed course in after-hours trading following the company's fiscal second-quarter earnings release.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}