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BlackSky Technology (BKSY) Shares Soar 5.77% on $24M NGA Contract
Generated by AI AgentAinvest Movers Radar
Monday, Jun 30, 2025 6:55 pm ET1min read
BlackSky Technology (BKSY) shares surged 5.77%, reaching their highest level since February 2025, with an intraday gain of 8.36%.
The strategy of buying shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -14.8%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for BKSY.BlackSky Technology Inc. has seen significant stock price changes due to several recent developments. One major contributing factor to this positive performance is the announcement that
was awarded a $24 million, four-year contract by the National Geospatial-Intelligence Agency (NGA). This news led to a 6% jump in the stock price following the contract award. Additionally, was added to the Russell 3000 Growth Index, which may have positively influenced investor sentiment. Canaccord Genuity Group issued a positive forecast for BKSY, further supporting the upward momentum in the stock price.
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