Peter Thiel Has Steadily Sold Down His Palantir Stake for Years, Yet Remains Its Largest Individual Shareholder. Here's What His Selling Pattern Signals for Investors.
Over the long term, Thiel has sold tens of millions of Palantir shares, but his wealth remains closely tied to the company.
Overview
It's often a wise strategy to watch the stock buying and selling patterns of company insiders. Sometimes, a ramp-up in selling by executives means that leadership is losing faith in their company. By contrast, a rush of share purchases can indicate that insiders are bullish on the company's future.
But interpreting those stock buys and stock sales isn't always straightforward.
Details
Billionaire investor Peter Thiel was a co-founder of Palantir Technologies (NASDAQ: PLTR), and he has sold millions of shares of the data analytics giant worth billions of dollars in total over the past few years.
Source
Originally published at www.fool.com.