Cathie Wood Dumps $56M In Palantir Shares After Dismal Earnings
Cathie Wood-ledArk Investment Managementon Thursday significantly lowered its exposure toPalantir Technologies Incon the day shares of thePeterThiel-backed company plummeted after it reported worse-than-expected quarterly earnings.The popular investment managementfirm sold 4.77 million shares — estimated to be worth $56.2 million based on Thursday’s closing — in the big data company.Palantir stock closed 15.7% lower at $11.7 a share on Thursday. The stock is down 36.5% year-to-date.Palantir repo