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Palantir's stock dropped 1.7% on August 23, 2021, amid CEO's share sale and valuation concerns.
Palantir Technologies' stock fell by 1.7% on August 23, 2021, following CEO Alexander Karp's sale of shares.
Despite a 48% revenue increase in the latest quarter, the stock has declined by 17% from its August high, influenced by short-selling, valuation concerns, and market volatility.
Palantir, valued at $370 billion, has a P/E ratio of 519.93, raising questions about its high valuation relative to earnings and sales growth.
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Las acciones de Palantir cayeron un 1,7% el 23 de agosto de 2021, en medio de la venta de acciones y las preocupaciones de valoración del CEO.