Peter Thiel Offloads Over $1B In Palantir Stock In 2024 As Stock More Than Doubles
Portfolio Pulse from Kaustubh Bagalkote
Peter Thiel has sold over $1 billion worth of Palantir Technologies Inc. stock in 2024, with recent sales of $600 million. Palantir's stock has more than doubled this year and was recently added to the S&P 500. Thiel's sales come amid his controversial public statements.
September 27, 2024 | 10:35 am
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Peter Thiel sold over $1 billion in Palantir stock in 2024, including $600 million this week. Despite the sales, Palantir's stock has more than doubled this year and was added to the S&P 500.
Thiel's significant stock sales could signal a lack of confidence in Palantir's future stock performance, potentially leading to a short-term negative impact on the stock price. However, the stock's recent addition to the S&P 500 and its doubling in value this year may mitigate some negative effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100