BUZZ-Tech billionaire Peter Thiel to dump $280 mln worth of Palantir stock; shares down

+2.94%

Palantir

PLTR

157.16

+2.94%

** Shares of military-grade AI tools and services provider Palantir PLTR.O drop 3.6% to $140 premarket

** Tech billionaire Peter Thiel, one of PLTR's co-founders, to sell 2 mln PLTR shares worth $280 mln, per filing late on Monday

** Thiel among top five biggest holders of PLTR stock, according to data compiled by LSEG

** PLTR set to snap a four-day winning streak, if losses hold

** Global equities under pressure on Tuesday amid elevated geopolitical worries as investors assessed the fallout of U.S. and Israeli strikes on Iran

** As of last close, PLTR shares down more than 18% YTD after rallying more than 135% in 2025

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