🔴 Planet Labs is trading 4.2% down today as inflation and rate concerns pressure tech shares

Planet Labs is trading at $13.93, down 4.20%, amid technology-sector pressure from hotter-than-expected inflation and rate concerns.

• No fresh negative company-specific catalyst was identified; recent coverage described the decline as part of a broader risk-off move.
• Recent coverage noted a European Space Agency pilot announcement, which does not explain the drop.
• Friday’s market coverage reported stocks opening lower as inflation and rate worries weighed on risk-taking.