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Stock impact report

Why Is Iridium (IRDM) Stock Rocketing Higher Today [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
discussions to acquire competitor Globalstar, a deal that lifted investor sentiment across the satellite telecommunications sector. The news of the potential acquisition of Globalstar, a rival satellite firm, sent its shares soaring and created a positive ripple effect for related companies. The potential deal was viewed as an effort by Amazon to strengthen its low-Earth orbit satellite network, a move that would intensify competition with SpaceX. This sparked investor optimism about the value of assets in the sector, causing Iridium's shares to advance as well. Is now the time to buy Iridium? Access our full analysis report here, it's free What Is The Market Telling Us Iridium's shares are very volatile and have had 24 moves greater than 5% over the last year. But moves this big are rare even for Iridium and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 3 days ago when the stock dropped 5.3% on th Show less Read more
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