Palantir shares drop 6%, falling for a second day as retail traders' latest cult trade starts to unwind

Shares of the mysterious technology and defense stock retreated 6% on Thursday building on the prior session's slide of around 10%. Wednesday's drop marked Palantir's worst session since May and came after the stock had touched an all-time high earlier in the day.Investors continued to dump Palantir shares on Thursday, escalating concerns that the latest hot trade among retail investors could be fizzling out.Wednesday's initial decline came as investors keyed in on the CEO's new stock sale plan and comments ...