Palantir Technologies Inc. (PLTR) stock experienced a pre-market plunge of 5.03% on Friday, December 20th, 2024. This decline follows the news that Cathie Wood's Ark Invest sold 33,402 shares of the company on Thursday.
The sale of PLTR shares by the influential investment firm Ark Invest, led by Cathie Wood, appears to have impacted investor sentiment and triggered selling pressure on the stock in the pre-market session.
Palantir Technologies, a leading developer of AI systems for government and commercial clients, had seen its stock surge by over 315% in the past year, driven by strong demand for its AI solutions. However, the recent share sale by Ark Invest raised concerns among investors, contributing to the pre-market decline.
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