Blacksky Technology Inc is trading at $30.05 (down 7.3%) as the stock extends a multi-day slide driven by a recent analyst downgrade and ongoing volatility in high-momentum space names.
- Jefferies recently cut its rating on the stock to Hold, triggering heavy profit-taking that followed a significant rally fueled by strong Q1 results and raised guidance.
- The stock has faced persistent downward pressure since early June, with bearish sentiment weighing on the shares despite a broadly higher overall market.