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Stock of the day: Palantir slumps on US defense budget cuts and CEO share sale

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84% Informative

Palantir Technologies shares tanked 10% on Wednesday to $ 112.06 apiece.

The data analytics company's market value is around $255 billion .

The US Defense Secretary ordered budget cuts, sparking investor jitters.

The slump ended a four-day winning streak for Palantirs , whose stock had surged 65% this year .

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English

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