Palantir's Billionaire Chairman Just Filed to Sell $1 Billion in Stock. Should Investors Follow Suit?
PLTRPalantir Technologies(PLTR) The Motley Fool·2024-09-14 17:15

Co-founder Peter Thiel continues to look to reduce his stake in the company.Share prices of Palantir Technologies (PLTR 1.95%) have approximately doubled so far in 2024. Coincidentally, co-founder and Chairman Peter Thiel recently filed to sell Palantir shares he owns, which are valued at nearly $1 billion. More specifically, the billionaire entrepreneur (who also helped co-found PayPal) has adopted what is referred to as a Rule 10b5-1 plan to sell nearly 28.6 million Palantir shares by the end of 2025.Thie ...