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via finance.yahoo.comAsset Management

Cathie Wood trims Palantir stake as new business growth slows

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Palantir Technologies (NASDAQ:PLTR) is facing fresh scrutiny over the pace of new business growth after Cathie Wood's ARK Invest reduced its position in the software company, selling 2,107 shares through the ARK Blockchain & Fintech…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishARK's trim and slower future-contract growth weigh on sentiment toward Palantir.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01ARK Invest sold 2,107 Palantir shares through a fintech ETF.
  2. 02Total contract value growth eased to 6% from 49%.
  3. 03U.S. commercial contract value growth slowed to 11% from 153%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Palantir Technologies Inc.PLTRStock168.82 USDMarket closedtoday -0.22%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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