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Aditya Raghunath

UNBELIEVABLE: Ceo alex karp is dumping palantir stock should you | History Defined

Alex Karp Palantir United States PLTR

Palantir (PLTR) shares continued their downward spiral on Thursday, Feb. 20, dropping more than 5% and stoking concerns that one of retail traders’ most beloved tech picks may be losing steam.

The decline adds to Wednesday’s 10% plunge — the stock’s worst single-day performance since May 2024 — after shares briefly touched an all-time high earlier in the session. The selloff was initially triggered by news of CEO Alex Karp’s stock sale plan and reports of potential defense budget cuts.

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