Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.
The software company with close ties to the U.S. military saw its stock plummet by double digits in less than two days.
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Palantir stock is continuing to slide Thursday as investors weigh a CEO stock sale and potential defense budget cuts. Here’s ...
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Wednesday's decline came as investors keyed in on the CEO's new stock sale plan and the possibility of defense cuts.