Co-Founder Sells $272M Worth of Palantir Stock, CEO Addresses Short-Sellers
Wednesday, 15 May 2024, 09:22
Palantir Stock Insider Trade
Insider sales always draw the trading community's attention, especially from higher-ranking officials, and Palantir (NYSE: PLTR) is one of the most heavily offloaded stocks in 2024.
Co-Founder Sells $272M
In a significant sale, Co-Founder Peter Thiel sold shares worth over $272 million at an average price of $20.91 on May 10.
Alex Karp Addresses Short-Sellers
Alex Karp, CEO of Palantir Technologies, defended the stock against short-sellers, attributing recent declines to short interest compared to float at 4%.
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