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Stock impact report

Why Iridium Stock Soared by 22% This Week [Yahoo! Finance]

Globalstar, Inc. (GSAT) 
Last globalstar, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: globalstar.com/investors
Company Research Source: Yahoo! Finance
The major catalyst was a peer agreeing to be acquired by a famous, deep-pocketed company. That meant a fine week for Iridium shareholders. Their stock rose by more than 22% over the period, according to data compiled by S&P Global Market Intelligence Will AI create the world's first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need. Continue » A big deal in space Iridium's peer in question is Globalstar , which landed prominently in the financial headlines on Tuesday after it signed a deal to be acquired by the always-ambitious Amazon . The cash-and-stock transaction is valued at more than $11 billion Image source: Getty Images. The deal puts a valuable asset in Amazon's pocket, as the company will add Globalstar's direct-to-device services to Amazon Leo, its low Earth orbit satellite network. Not surprisingly, Globalstar's stock and Iridium's both po Show less Read more
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