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Faisal Humayun Khan

Cathie Wood Is Trimming Her Palantir Stake. Should You Sell PLTR Stock Here Too?

Palantir PLTR United States

Palantir (PLTR) stock has been flying high with a rally of 330% in the last 12 months. The rally has been backed by strong fundamental developments. At the same time, positive sentiments for the technology sector have supported the upside.

After a massive rally, there appears to be some caution among investors, with Cathie Wood's Ark Invest selling 4,064 PLTR shares. Having said that, Ark funds still have an exposure of over $660 million in PLTR shares across their ETFs.

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