Palantir Rockets 350% Year-To-Date, Insiders Offload Stock: Should Retail Investors Follow?

Quick Summary:

What Happened: In December alone, Glazer sold $23 million worth of shares, while Sankar offloaded a staggering $367.9 million following an exercise of stock options.

Even CEO Alex Karp joined the selling spree last month, cashing in $132.8 million worth of shares.

Glazer and CTO Shyam Sankar — are selling millions of dollars worth of shares.

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: Trading Ideas Benzinga Artificial intelligence Pro Project Technicals Alex Karp Top Stories KeyProj Stories That Matter PLTR Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 19:35:36 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 288 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24517685

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