CEO Alex Karp has moved to sell $1.2 billion worth of the data analytics company’s stock. Discover the Best Stocks

Alex Karp is CEO of Palantir Technologies, whose data analysis has helped fight terrorism. Here’s how he went from broke academic to billionaire CEO.

Shares of Palantir Technologies (PLTR) are down 20% from the all-time high hit earlier this month as CEO Alex Karp plans to sell as many as 10 million shares of PLTR and the Defense Dept. plans to cut its budget by up to $50 billion.

Palantir Technologies (NASDAQ:PLTR) shares had a brutal day, sinking 10% during regular trading and tumbling another 5% after hours. Investors

Demand for Big Data services is increasing. Palantir, a leader in the field, should benefit. Here are the forecasts and price predictions for PLTR stock.

Palantir Technologies (NASDAQ:PLTR) has been one of the most richly-valued stocks in the stock market. The stock delivered explosive returns in the past year and some believed it was on course to be a $1 trillion company,

For a while, it seemed Palantir Technologies (NASDAQ: PLTR) could do no wrong, with the stock gaining as much as 1,250% the past two years. Then, investor sentiment took a turn for the worse. The stock plunged as much as 11.

After defying gravity for the past couple of years, Palantir Technologies ( PLTR -5.17%) has finally hit turbulence, with the stock plunging as much as 14.9% on Thursday. As of 11:27 a.m. ET, the stock was still down 11.4%.

Palantir Technologies ( PLTR -4.63%) shares have been red hot for the past couple of years, but the stock was tumbling after Defense Secretary Pete Hegseth ordered the Pentagon to slash its $850 billion budget by 8%, or about $50 billion.

Palantir Technologies (NASDAQ:PLTR) shares tumbled over 5% on Wednesday in after-hours trading following reports of potential Pentagon budget cuts and CEO Alex Karp‘s new stock trading plan rattled investors,

Discover why Palantir Technologies Inc.'s stock dip is a buying opportunity. Click to learn about defense contracts, IT budget potential, and PLTR growth prospects.

Palantir stock is continuing to slide Thursday as investors weigh a CEO stock sale and potential defense budget cuts. Here’s what you need to know.