Palantir drops 25% as Michael Karp, insiders plan major stock sale
Palantir shares have fallen 25% since Michael Burry disclosed put options tied to $912 million worth of underlying shares, sparking renewed AI bubble fears. CEO Alex Karp has filed to sell 585,000 shares worth $95.9 million, adding to earlier August sales. With insiders offloading over $200 million and retail sentiment turning bearish, Palantir now sits firmly in a bear market.