Billionaire Peter Thiel Just Sold $1 Billion of Palantir Stock. Should You Cash Out, Too?
Thiel sold over $1 billion worth of Palantir stock over the last few days of September and the first day of October, according to Securities and Exchange Commission ( SEC) filings. Those sales came after the company officially joined the S&P 500 on Sept. 23. Thiel also shed about $400 million worth of Palantir stock earlier this year.
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Palantir co-founder and chairman Peter Thiel has completed selling the maximum number of shares under a trading plan.
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