Why BlackSky Technology Stock Just Crashed
Timing, they say, is everything.
Ten days ago, spy satellite company BlackSky Technology (NYSE: BKSY) 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.
Source Fool.com
