Why Shares of Planet Labs Are Plunging Today
Planet Labs PBC(PL) The Motley Fool·2024-04-02 02:55
Before today's trading session began, shares of Planet Labs (PL -12.17%) were in the black for 2024, having risen more than 3%. Today, however, the stock finds itself in the red for the year. With the company reporting disappointing fourth-quarter 2024 financial results after the market closed on Thursday and unfavorable attention from a Wall Street analyst today, investors are trimming -- or exiting altogether -- their positions in this satellite imaging stock.As of 2:07 p.m. ET, shares of Planet Labs are ...