Palantir Plunges 5% After Hours As Alex Karp Plans $1.23 Billion Stock Sale, Cramer Urges 'Palanteers' For Support Amid Defense Cuts - Tesla (NASDAQ:TSLA), Palantir Technologies (NASDAQ:PLTR)
1. PLTR shares fell 5% after-hours amid Pentagon cut rumors; CEO trading plan unsettled investors. 2. Defense cuts proposed at 8% annually could impact PLTR defense contracts in the future. 3. CEO Karp’s new 10b5-1 plan allows selling nearly 10 million shares by Sept. 12. 4. Q4 results beat expectations with $828M revenue and 14¢ EPS despite recent volatility.