BKSY - Why Today Is a Good-Bad Day for 4 Space Stocks
Earnings season is a funny time of year. Investors would probably prefer -- generally speaking -- to have their companies report one at a time, so that each earnings report can get the attention it deserves. But the more usual practice is for companies in an industry to report as a group -- all shouting out their earnings at once in a cavalcade of numbers.
And that's what space investors are experiencing today.
Space infrastructure company Redwire (NYSE: RDW) , spy satellite operator BlackSky Technology (NYSE: BKSY) , and satellite builder Maxar Technologies (NYSE: MAXR) all reported earnings today, to various reactions from investors. As of 10:30 a.m. ET, Redwire stock is up 3.4%, BlackSky is gaining 10%, and Maxar is ... down 9.9%.
For further details see:
Why Today Is a Good-Bad Day for 4 Space Stocks