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Palantir Stock Is Falling Again. 2 Things Spooking Investors.
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Palantir Technologies shares were falling early Thursday after tumbling in the previous session as investors grappled with several reasons to suddenly worry about the red-hot artificial-intelligence stock. After a 10% drop Wednesday, the stock tumbled 7% to $104.37 in early trading. Firstly, CEO Alex Karp adopted a new plan to sell up to 9.975 million shares, through Sept. 12 this year—worth close to $1.2 billion based on the stock’s Wednesday closing price.
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