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Planet Labs Stock Plunged Following Its Recent Earnings Call. Should Investors Buy the Dip?
Key takeaways
- PL NVDA Space stocks have been a hot topic, and Planet Labs (NYSE: PL) is one company in the industry that has surged 474% over the past year.
- Here s what has been driving Planet Labs stock lower and whether investors should buy the dip in the space stock.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
PL NVDA Space stocks have been a hot topic, and Planet Labs (NYSE: PL) is one company in the industry that has surged 474% over the past year. The stock reached $51 per share in late May but has since declined by 40%, including a 26% one-day drop the day after its June 4 earnings announcement.
Here s what has been driving Planet Labs stock lower and whether investors should buy the dip in the space stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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