Planet Labs (PL) shares fell 3.30% to close at $41.62 on May 15, 2026. The stock traded at $41.59 during the after-hours session. This pullback follows a multi-day rally from a $35.24 low on May 7. The stock previously recorded a 10.78% gain on May 8 and a 7.17% rise on May 11.
Recent upward momentum followed a major Greek satellite deal and positive Q4 2026 earnings. No new company-specific announcements were reported on May 15. The decline aligns with a broader risk-off move across the technology sector. Weakness in U.S. futures and major indices contributed to the downward pressure.