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Why BlackSky Technology Stock Just Crashed
The Motley Fool· 2025-07-19 01:25
BlackSky's "bad" news is actually good news.Timing, they say, is everything.Ten days ago, spy satellite company BlackSky Technology (BKSY -20.29%) rocketed higher on some kind words from H.C. Wainwright analyst Scott Buck, who predicted the stock -- worth less than $22 at the time -- would hit $28 within a year. The prediction became self-fulfilling as investors glommed onto BlackSky and bid its shares up to (and as of yesterday, past) $28.Then today happened. What happened to BlackSky today?Today, BlackSky ...