Planet Labs PBC ( (PL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Planet Labs shares climbed as investors piled into satellite and defense stocks on the back of rising geopolitical tensions and renewed focus from U.S. policymakers, which boosted expectations for demand across the sector. The rally in Planet Labs appears to be driven by broader industry momentum rather than any company-specific news, and there were no new analyst price target changes or updates tied directly to the stock.
More about Planet Labs PBC
YTD Price Performance: 35.55%
Average Trading Volume: 10,953,553
Technical Sentiment Signal: Buy
Current Market Cap: $8.38B
For further insights into PL stock on TipRanks’ Stock Analysis page.
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