Cathie Wood Is Selling Palantir Stock. Here's Why That Makes Sense.
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Cathie Wood of Ark Invest has been selling Palantir stock, even though it has been the best-performing stock in the S&P 500 this year.
November 19, 2024 | 4:15 pm
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Cathie Wood's Ark Invest is selling Palantir stock, which has been the best-performing stock in the S&P 500 this year. This decision might indicate a strategic reallocation or profit-taking move.
Cathie Wood's decision to sell Palantir stock, despite its strong performance, suggests a potential strategic reallocation or profit-taking. This could lead to short-term downward pressure on Palantir's stock price as investors react to the news.
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