Why Planet Labs Stock Rocketed Almost 50% Higher This Week

Investors very much wanted to colonize Planet Labs' (NYSE: PL) stock over the past few trading days. Thanks largely to encouraging quarterly results published by the company, which provides detailed geographic information about Earth culled from satellites, it had a banner week in the equity market. According to data compiled by S&P Global Market Intelligence, its share price ballooned by almost 50% in that time frame.The week started off on quite a high note for Planet Labs, as it unveiled earnings results for its second quarter of fiscal 2026 on Monday.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool