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Why do some stocks behave so similarly? (sopuli.xyz)
submitted 7 months ago by to c/stocks@lemmy.world
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I have some money in Rocket Lab, and Planet Labs (I like space stocks). Yesterday, comparing both, I saw that they have very similar curves. I checked a space ETF (Vaneck), and it was markedly different.

What surprises me is that while both are space stocks, their core business is markedly different.

Am I seeing major manipulation here?

I have the nagging feeling that a major player is doing manipulation here. Elon, screwing competitors, maybe?

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[–] [S] 2 points 7 months ago

Rocket lab and Planet Labs are not connected, as far as I know. One is a launch provider, and the other a satellite imaging company. I guess Planet may use Rocket lab's launchers, but I believe that is the extent of their connection.

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