Why AST SpaceMobile Stock Raced Higher Today
Ending the week on a bullish note, AST SpaceMobile (NASDAQ: ASTS) stock closed higher today after an analyst provided an optimistic outlook. Shares of AST SpaceMobile, a developer of a space-based cellular broadband service, had fallen 10.6% from the end of trading last Friday through yesterday's close.
Today, however, shares of AST SpaceMobile closed up 5.1%, retreating from an earlier rise of 12.1%.
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Source Fool.com
