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Palantir Rockets 350% Year-To-Date, Insiders Offload Stock: Should Retail Investors Follow?

Tech

Palantir Technologies Inc (NASDAQ:PLTR) stock surged an eye-popping 350% year-to-date.But just as retail investors celebrate their portfolios swelling, company insiders — including CFO David A. Glazer and CTO Shyam Sankar — are selling millions of dollars worth of shares.What Happened: In December alone, Glazer sold $23 million worth of shares, while Sankar offloaded a staggering $367.9 million following an exercise of stock options. Even CEO Alex Karp joined the selling spree last month, cashing in $132.8 million worth of shares. Despite the eye-catching totals, these …Full story available on Benzinga.com