AST SpaceMobile ( (ASTS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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AST SpaceMobile’s stock surged after the company announced the completion of the BlueBird 6 satellite’s final assembly. Despite short-term launch delays, Barclays raised its price target, citing an improved medium-term outlook and potential in AST’s enhanced service offerings. However, increased insider selling suggests mixed market perceptions.
More about AST SpaceMobile
YTD Price Performance: 163.12%
Average Trading Volume: 10,517,642
Technical Sentiment Signal: Buy
Current Market Cap: $20.57B
For further insights into ASTS stock on TipRanks’ Stock Analysis page.
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