This Billionaire Investor Has Owned Palantir Since Its IPO. He Just Dumped Nearly His Entire Stake.
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A billionaire investor has sold nearly his entire stake in Palantir Technologies, a leading AI and data analytics company. Despite this, Palantir's stock has surged 275% year to date, making it the second-best performer on the S&P 500.
November 29, 2024 | 11:45 am
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A major investor has sold nearly all his shares in Palantir Technologies, despite the stock's significant rise this year. This could indicate a potential shift in investor sentiment.
The sale of nearly an entire stake by a billionaire investor could suggest a lack of confidence in further short-term gains, potentially leading to a negative impact on the stock price as other investors may follow suit.
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