Palantir stock slips in premarket as Karp’s college alternative grabs attention
Palantir shares slipped 0.9% to $186.95 in premarket trading Monday after closing down 2.8% Friday. The drop follows a report on CEO Alex Karp’s new paid “Meritocracy Fellowship” for high school graduates. Palantir stock remains up about 150% for 2025 but trades at roughly 437 times trailing earnings. Investors await Fed minutes and housing data in a holiday-shortened week.