Why BlackSky Technology Stock Just Crashed
Approximately ten days ago, the stock price of satellite surveillance company BlackSky Technology (BKSY) significantly increased following positive remarks from analyst Scott Buck at H.C. Wainwright. Buck predicted that the stock, valued under $22 at the time, would reach $28 within a year. Investors seized this opportunity and drove up BlackSky’s share price to (and beyond, as of yesterday) $28. This prediction essentially came true due to investor interest in the company.