Palantir co-founder Thiel plans to sell $280 million worth of stock as share prices decline

LootboxPhobia · 2026-03-03T17:29:18+00:00

Palantir Technologies stock price fell 3.6% after co-founder Peter Thiel planned to sell 2 million shares. The company's stock has declined more than 18% this year amid global market pressures and geopolitical concerns.

LootboxPhobia

2026-03-03 17:29:18

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Investing.com – Palantir Technologies (NYSE:PLTR) stock fell 3.6% pre-market Tuesday to $140, after co-founder Peter Thiel disclosed plans to sell 2 million shares worth $280 million. The news came from a regulatory filing submitted Monday evening.

According to data compiled by LSEG, Thiel is one of the top five shareholders of this provider of military-grade AI tools and services.

If the pre-market decline continues into regular trading hours, the stock will end a four-day winning streak.

Palantir’s stock has fallen more than 18% so far this year, after soaring over 135% in 2025.

On Tuesday, global stock markets faced pressure as investors assessed the impact of U.S. and Israel’s attacks on Iran, heightening geopolitical concerns across markets.

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