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defense stockCNBC
•Business
Business & Economics
68% Informative
Palantir shares tumbled 7% on Monday , on track for its fourth straight losing session.
Last week's declines came after the company disclosed a new stock sale plan from CEO Alex Karp .
Comments from Defense Secretary Pete Hegseth reported by The Washington Post on plans to slash defense budgets also rattled investors of the company, which relies in part on government contracts.
VR Score
76
Informative language
81
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21
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formal
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English
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35
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