Why BlackSky Technology Stock Is Plummeting Today

BlackSky Technology (NYSE: BKSY) stock is getting hit with big sell-offs Tuesday following a couple of negative catalysts. The satellite technology company's share price was down 12% as of noon ET. At the same point in the daily session, the S 500 was down 0.2%, and the Nasdaq Composite was down 0.5%.

In addition to some bearish momentum for the broader market today, BlackSky's valuation is being pressured by new analyst notes from Clear Street and Canaccord. Despite today's pullback, the defense-tech specialist's share price is still up roughly 80% across 2025's trading.

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Source Fool.com