Jim Cramer Says Planet Labs (PL) Has Fallen Enough to Start Buying

Planet Labs PBC (NYSE:PL) was given a qualified endorsement by Jim Cramer on Mad Money on October 6, in a segment devoted to what he called a stock that "has gotten killed." The shares traded at around $18 on October 6, 65.05% below their 52-week high of $51.76. "I put on a small position here," Cramer said, while calling the company "a nice speculative pick" for investors in it "for the long haul and long haul only." READ ALSO: Marvell vs. Broadcom: Which Custom AI Chip Stock Has More Room to Run?Jim Cramer Says Planet Labs (PL) Has Fallen Enough to Start Buying The Fall Had a Specific Cause: Cramer traced the decline to one event rather than to sentiment. "Planet Labs plunged 26% on June 5th after launching a $1.