Why BlackSky Technology Stock Was Crushing It This Week

One of the hotter stocks on the market doesn't even reside on Planet Earth... at least, as far as its main business is concerned.For the second week in a row BlackSky Technology (NYSE: BKSY) was posting double-digit gains in its share price, thanks mainly to a new government contract it was awarded. The digital satellite imagery company's stock was up a very impressive 44% week to date as of Friday early morning, according to data compiled by S&P Global Market Intelligence.On Tuesday, BlackSky announced that it had been awarded a contract from the U.S. Department of Defense's National Geospatial-Intelligence Agency (NGA) to monitor military and economic complexes. The arrangement has a duration of four years, and the company said it is worth over $24 million. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool