'Palantir Chairman Peter Thiel To Sell Up To $1B Of Stock' - Barron's
Portfolio Pulse from Benzinga Newsdesk
Palantir's stock has surged following the announcement of its inclusion in the S&P 500 index. Peter Thiel, a major shareholder, plans to sell up to $1 billion of his Palantir shares.
September 10, 2024 | 4:12 pm
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Palantir's stock price has increased due to its inclusion in the S&P 500 index. However, Peter Thiel's plan to sell up to $1 billion in shares may create selling pressure.
The inclusion in the S&P 500 is a positive catalyst for Palantir, likely increasing demand from index funds. However, Peter Thiel's significant share sale could offset this by increasing supply, potentially stabilizing or slightly depressing the stock price.
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