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Stock impact report

Why AST SpaceMobile Stock Jumped 64% in October [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
Some analysts said the stock looked overvalued. 10 stocks we like better than AST SpaceMobile › The share price of AST SpaceMobile (NASDAQ: ASTS) , a development-stage maker of satellites used to deliver broadband, was surging last month on a combination of momentum leading into October, after it said it completed assembly of its Bluebird 6 satellite, and as it signed a new deal with Verizon Communications By the end of the month, the stock price was up 64%, according to data from S&P Global Market Intelligence . As you can see from the chart below, the stock jumped through the first half of the month before giving back some of those gains in the second half of October. Data by YCharts. AST Spacemobile takes flight The biggest news out on AST Spacemobile last month may have actually come in after hours on Sept. 30, pushing the stock up 16% on Oct. 1 and another 16% the following day on high volume. The news that sparked that rally was an after-hours announcement from Show less Read more
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