The post Monster insider trading alert for Palantir (PLTR) stock appeared on BitcoinEthereumNews.com.

There has been no shortage of positive news for the technology and cybersecurity giant Palantir (NYSE: PLTR) in recent weeks and it is perhaps precisely for that reason that the firm’s CEO, Alex Karp, executed a massive insider sale of PLTR stock on September 17. To be precise, Karp sold 9 million shares in his company on Tuesday for approximately. $325 million, per the recent filings. Palantir stock sales by CEO Alex Karp. Source: Barchart Furthermore, Alex Karp is far from the only insider to sell PLTR shares in September. Ryan Taylor, the Chief Revenue and Legal Officer, Heather Planishek, the Chief Accounting Officer, as well as directors Lauren Friedman Stat and Alexander Moore all sold between 6,000 and 155,000 shares since September 9. The trade came as Palantir’s stock entered a strong uptrend driven primarily by the news the firm is set for inclusion in the S&P 500. Given the famous index includes only the biggest and most established companies in the U.S., Palantir’s addition is only set to boost the visibility, liquidity, and prestige of PLTR. Additionally, Karp’s sale came after a 20.09% increase from September lows at about $30.16 to Palantir’s stock price today of $36.22. PLTR stock 30-day price chart. Source: Finbold Palantir stock enjoys a deluge of positive developments While the inclusion in the S&P 500 benchmark index is no small milestone, it is far from the only driver of PLTR stock’s recent rally. Indeed, Palantir enjoys a network of global contracts and partnerships, with its new $100 million agreement to supply the U.S. armed forces with advanced artificial intelligence (AI) targeting software taking the limelight in recent weeks. September 9 saw the renewal of another important deal: the 5-year supply of AI technology to the oil and gas giant British Petrol (LON: BP) intended…

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Filed under: News - @ September 20, 2024 12:22 pm