Why Viasat Stock Soared 9% Higher This Week
Satellite telephony company Viasat (NASDAQ: VSAT) had quite a memorable week as far as its stock went. Driven by broad investor optimism on space-related titles generally and recent positive company-specific news items, it booked a near-double-digit gain over the period. According to data compiled by S&P Global Market Intelligence, Viasat's share price rose in excess of 9% across the week.
What also helped was a live demonstration of its capabilities. On Thursday in Mexico City, Viasat put its direct-to-device satellite service through its paces.
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Source Fool.com
