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News  ›  The Motley Fool

Why BlackSky Technology Stock Plummeted This Week

The Motley Fool Logo The Motley Fool By Keith Noonan
Why BlackSky Technology Stock Plummeted This Week

BlackSky Technology's stock experienced a 10.7% decline this week due to shifting geopolitical dynamics, including U.S.-China trade negotiations and ongoing Russia-Ukraine conflict developments. Despite the pullback, the stock remains up 96% year-to-date.

Insights
BKSY   neutral

Stock experienced volatility due to geopolitical events, with a significant weekly decline but still maintaining strong year-to-date performance. The company's satellite intelligence services remain relevant in current global conflicts.