Palantir Plunges 5% After Hours As Alex Karp Plans $1.23 Billion Stock Sale, Cramer Urges 'Palanteers' For Support Amid Defense Cuts

Palantir Technologies (NASDAQ:PLTR) shares tumbled over 5% on Wednesday in after-hours trading following reports of potential Pentagon budget cuts and CEO Alex Karp‘s new stock trading plan rattled investors, marking a sharp reversal for one of the market’s top performers.