Palantir Shares Fall Amid Anticipated Defense Spending Cuts

Reported 1 day ago

Palantir Technologies (PLTR) experienced further decline in its stock prices following an announcement from the Trump administration instructing a 8% annual cut in military spending for the next five years. Additionally, CEO Alex Karp's intention to sell nearly 10 million shares by September 2025 is contributing to the downward trend.

Source: YAHOO

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