Why AST SpaceMobile Stock Soared This Week
As broadband connectivity has become increasingly crucial, AST SpaceMobile (NASDAQ: ASTS) is launching satellite arrays to deliver connectivity through low-orbit satellites. That's why investors have flocked to the stock in the last year.
Shares have quadrupled in that time, but the ride has been a bit bumpier this year. Though AST stock is up 27.5% year to date, the move has come in fits and starts. This week, shares surged 17.7%, according to data provided by S&P Global Market Intelligence.
Image source: The Motley Fool.
Source Fool.com
