Why Planet Labs Stock Powered Nearly 66% Higher Last Month

Several factors helped the space company defy gravity in December.Coming just after Planet Labs' (PL +2.45%) latest satellite launch, December was a good month for the space company's stock. Its price rose by almost 66% across that stretch of time, on news of that launch, in addition to encouraging quarterly results, and positive analyst notes after those figures were published. Twin satellite launchPlanet Labs barreled into December on a high note -- almost literally. On the last business day of the previo ...