Palantir drops 10% for worst day since May as investors continue dumping onetime market favorite
Publishing timestamp: 2025-02-24 15:35:01
Summary
Palantir shares fell sharply on Monday, marking its fourth straight losing session and worst day since May. The decline comes after a new stock sale plan from the CEO and comments about potential defense budget cuts. Despite a surge in popularity among retail investors, the stock has tumbled almost 24% over the past five trading days.
Sentiment: NEGATIVE
Keywords: technology, breaking news: markets, business news, stock markets, s&p 500 index, investment strategy, palantir technologies inc, pete hegseth, markets, breaking news: technology, breaking news: investing,