Why Planet Labs Popped 14%, Then Dropped Today

Investors are treating today's good news like bad news, and that's a mistake.Space company Planet Labs (PL -1.47%) soared in early trading Wednesday, rising more than 14% before plunging back to Earth. As of 11 a.m. ET, Planet Labs stock is actually down 3.7%.But why is this space stock giving up any gains at all? Didn't Planet Labs just announce some incredibly good news today -- a $230 million contract for use of its new Pelican satellites to provide high-resolution satellite imagery?Planet Labs' shiny ne ...