Planet Labs Stock Is Surging Today: What's Driving The Action?

Planet Labs PBC (NYSE:PL) shares are trading higher Wednesday morning, despite a lack of company-specific news for the session. The stock is moving higher a day after a new Schedule 13G/A filing revealed that Driehaus Capital Management owns 8.51 million Class A shares of Planet Labs, representing a 2.91% stake as of Dec. 31.Here’s what investors need to know.Planet Labs stock is surging to new heights today. Why is PL stock surging?13G Signals Institutional ConfidenceThe institutional investor reported sha ...