Planet Labs PBC is trading 7.6% up today at $33.05 as buyers step in following an aggressive selloff driven by disappointing earnings and a planned equity offering.

  • The stock recently plummeted more than 35% from the $48 level amid concerns over a proposed $1.5 billion stock offering and post-earnings disappointment.
  • Today's strength reflects bargain-hunting and a partial recovery, supported by broader gains across major market indices.