Planet Labs PBC ( (PL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Planet Labs PBC stock is on the rise following the announcement of new satellites arriving at Vandenberg Space Force Base for an upcoming SpaceX mission. The company’s plans to start production of Pelican satellites in Germany have also contributed to a positive outlook. Furthermore, the issuance of $460 million in convertible notes signals strategic financial moves that could influence future growth.
More about Planet Labs PBC
YTD Price Performance: 226.95%
Average Trading Volume: 10,588,754
Technical Sentiment Signal: Buy
Current Market Cap: $3.94B
For further insights into PL stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.