Palantir Technologies Inc.'s stock dropped around 20% since Wednesday after investors overreacted to CEO Alex Karp's planned share sale and potential Pentagon budget cuts. Despite concerns, I think Palantir's defense contracts are likely safe, with the potential for increased IT budget allocation as it cuts target “woke programs”. I advise investors to add on the pullback as this presents an attractive buy the panic opportunity.
Palantir (PLTR -7.24%) stock is getting hit with another day of substantial sell-offs in Thursday's trading. The company's share price was down 6.8% as of 2:20 p.m.
After a giant run to the north,defence contractor and AI stock Palantir (PLTR) finally began retracing into support levels earlier this week, before its next run to the upside.
Palantir (NASDAQ: PLTR) kicked off 2025 as one of the market's top performers, surging over 35% year-to-date and extending its strong momentum from the past two years.
Investors continued to dump Palantir shares on Thursday, escalating concerns that the latest hot pick among retail traders could be fizzling out. Palantir also disclosed in a regulatory filling on Tuesday night that CEO Alex Karp can sell 10 million shares of the company's stock over the next six months.
One of 2024's biggest winners had its year-long rally take a step back. Palantir (PLTR) shed 20% since Wednesday afternoon off pressure of the Trump administration to trim defense spending.
Palantir shares continued to decline on Thursday, extending a sharp sell-off. The stock fell nearly 9%, following Wednesday's 10% drop, which marked its worst trading day since May.
After defying gravity for the past couple of years, Palantir Technologies (PLTR -9.59%) has finally hit turbulence, with the stock plunging as much as 14.9% on Thursday. As of 11:27 a.m.
Palantir Technologies Inc PLTR stock plunged 10% on Wednesday after CEO Alex Karp adopted a new trading plan to sell nearly 10 million shares over the next six months.
Palantir stock is continuing to slide Thursday as investors weigh a CEO stock sale and potential defense budget cuts. Here's what you need to know.
CNBC's Robert Frank reports on Palantir's new stock sale plan.
Shares of Palantir Technologies Inc (NYSE:PLTR) were down 12.2% in Thursday morning trading, extending losses after a Wednedsay evening report suggested potential US defense budget cuts and disclosures that CEO Alex Karp is set to sell nearly 10 million shares. The Washington Post reported that US defense spending could decline by 8% annually over the next five years, raising concerns about Palantir's revenue prospects.