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Why AST SpaceMobile Stock Jumped 64% in October

TheMotleyFool 
0 0 09.11.25
Why AST SpaceMobile Stock Jumped 64% in OctoberPhoto, wide shot, wide-angle lens, Cable TV provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/51ec7f0d-2b5e-41f6-baa4-43bf0f5d7e7d.png
 

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.

ASTS Chart

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Source Fool.com

Verizon Communications Inc. Stock

€40.69
-0.380%
The price for the Verizon Communications Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.155 (-0.380%).
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Verizon Communications Inc..
As a result the target price of 43 € shows a slightly positive potential of 5.68% compared to the current price of 40.69 € for Verizon Communications Inc..
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