Planet Labs PBC Stock Slides 22% Over 8 Straight Down Days
A satellite data company’s stock is on a prolonged slide, prompting a closer look at the tension between its growth and its bottom line.
Planet Labs PBC (PL) stock has now moved LOWER for 8 consecutive trading days, resulting in a cumulative loss of 21.6%. That streak has erased about $2.5 Bil from the company’s market value, which now stands at about $9.0 Bil.
Planet Labs PBC designs, constructs, launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers.
PL Versus The S&P 500, Streak And Beyond
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Here is how PL stock stacks up against the S&P 500 over the streak and the periods around it:
| Return Period | PL | S&P 500 |
|---|---|---|
| 1D | -0.3% | -0.8% |
| 8D (Current Streak) | -21.6% | 0.2% |
| 1M (21D) | -15.5% | 3.4% |
| 3M (63D) | -25.1% | 10.2% |
| YTD 2026 | 31.6% | 9.8% |
| 2025 | 388.1% | 16.4% |
| 2024 | 63.6% | 23.3% |
| 2023 | -43.2% | 24.2% |
The stock’s decline is its own, with fundamentals under scrutiny.
This move is not a reflection of the broader market. Over the same 8 trading days the S&P 500 returned +0.2%, so the streak is mostly this stock’s own story. While losing streaks are present in the market, with 24 S&P 500 stocks on losing streaks of 3 days or more, winning streaks are more common, with 83 stocks currently on them.
The market may be weighing the company’s rapid expansion against its financial results. Revenue over the last twelve months grew 34.1%, far outpacing the S&P 500 median of 7.5%. Yet, profitability metrics show strain. The company’s operating margin is -31.9%, compared to an S&P 500 median of 18.4%, and it trades at a price-to-earnings multiple of -24.0.
A streak is a signal to re-evaluate, not a command to act.
A persistent price move like this is information. It signals that the market’s attention is focused, and it reflects building momentum in one direction. It is not, however, an instruction for what to do next.
The disciplined response is to check the business against the price. The data here provides a starting point for that work, highlighting a company with significant growth but also significant losses.
If the drop has you weighing an entry, resist buying a falling price alone. Our Buy the Dip screen ranks the marked-down names where growth and cash generation still support a recovery.
Those watching the group rather than this one name have another route: our ETF Scorecard shows how the U.S. industrials funds stack up. It is still a concentrated bet on that one theme, though, which is exactly the gap the portfolio below closes.
Falling Prices Test Conviction. Rules Do Not Flinch
A losing streak forces a choice on every holder: sell into weakness, average down, or freeze. All three are emotional answers to what should be an analytical question, and emotions priced at market open are expensive.
The Trefis High Quality (HQ) Portfolio takes the emotion out: about 30 quality businesses screened for the fundamentals that survive bad stretches, held and rebalanced by rules. It has a track record of outpacing a benchmark that combines all major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Let the rules do the flinching for you.