Palantir Technologies Inc. ($PLTR) has recently experienced a notable decline, dropping approximately 24% over four days. This downturn has led to discussions among traders regarding the stock's performance relative to its 50-day simple moving average (SMA). Some traders have taken positions in $PLTR, with reports indicating that it has fallen below this key technical level before attempting a recovery. Despite the challenges, there are indications that the stock is beginning to stabilize, with recent trading showing a bounce back. Analysts suggest that this could represent a buying opportunity for active traders, as the stock is viewed by some as potentially undervalued amid its recent struggles.