Why Planet Labs Stock Was Aggressively Defying Gravity This Week

The stock of satellite company Planet Labs (PL 5.73%) was floating higher at double-digit rates over the past few trading sessions. All told, according to data compiled by S&P Global Market Intelligence, its shares were gaining 13% in price as of early Friday morning, on a week-to-date basis. News of two business deals announced within the space of a week were a prime source of optimism on the company.Two deals announcedPlanet Labs concentrates on the provision of data and insights it gleans from its networ ...