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Palantir (PLTR) falls as co-founder Cohen sells nearly $13 million in stock

December 6, 2023 9:21 AM EST

Palantir (NYSE: PLTR) is lower off the open after an SEC filing after the close showed that co-founder and President, Stephen A. Cohen, sold millions in stock recently after converting B shares to A shares.

Cohen sold 500,000 shares on 12/01/23 and another 156,100 shares on 12/04/23 at prices from $19.1131-$20.0181.

The value of the stock sold was nearly $13 million.

Shares of Palantir are down 3% in pre-open trading Wednesday.



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