Palantir Technologies stock (NYSE: PLTR) has had a solid run, rising more than 3.5x since the beginning of the year to about $63 presently.

A few days ago, Palantir announced that it is moving its listing from the NYSE to the Nasdaq. Shares of Palantir are expected to begin trading on the Nasdaq on Nov. 26.

It can be so hard to convince yourself to take some profits off of your portfolio's most prominent winners. Indeed, it feels somewhat counterintuitive to trim off the top of one's top performers. And while selling some stock after a parabolic or vertical spike may prove a poor decision over the near term (or,

Palantir Technologies, the newest S&P 500 member, was the index's best performer in 2024 as of Nov. 15. But it didn't last long.Nvidia was the biggest S&P 500 leader in 2023 and ruled for much of 2024,

The last time Palantir traded that high was in 2021, and the stock didn't do well until over two years later. When Palantir reached its peak valuation in February 2021, the stock tumbled around 80% from its all-time highs. It had nothing to do with the business, as revenue kept growing during that time frame.

Palantir's Q3 earnings were impressive, showing strong sales growth, continued margin improvements, and continued momentum in AIP. Learn more on PLTR stock here.