Why BlackSky Technology Stock Is Soaring Today
BlackSky Technology (NYSE: BKSY) stock is scoring another day of big gains in Monday's trading. The satellite-technologies company's share price was up 7.4% as of 2:15 p.m. ET. The stock had been up as much as 11.6% earlier in the day.
BlackSky Technology's valuation is getting a boost today amid some favorable demand indicators for its defense-related technologies. The stock is also getting a lift from expectations that interest rates could be moving lower in the near future.
Image source: Getty Images.
Source Fool.com
