Why Does Planet Labs Stock Keep Going Down?
Source: Motley Fool
2026-03-30 13:42:05 ET
Planet Labs (NYSE: PL) stock tumbled 9.7% through 1:05 p.m. ET Monday, its third straight trading day of declines, after announcing Friday that it will redeem all of its outstanding public warrants.
The move promises to increase the number of shares of Planet Labs outstanding if it prompts warrant holders to exercise their warrants rather than allowing them to be redeemed.
Image source: Getty Images.
Planet Labs PBC Class A
NASDAQ: PL
PL Trading
-3.05% G/L:
$34.225 Last:
4,411,021 Volume:
$34.42 Open:
PL Latest News
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$7,637,866,535
300,387,002
7.01%
108
N/A
Aerospace & Defense
Industrials
US
San Francisco
