Reported about 5 hours ago
Palantir CEO Alex Karp has sold $45 million worth of stock recently, adding to the $2 billion he sold in 2024, now holding only 79% of his stake. This comes amid a downturn for the company, with stock prices falling 30% from recent highs and concerns about government spending cuts affecting their contracts. Other insiders are also selling shares, signaling potential vulnerability in retail investor confidence.
Source: YAHOO