Why Viasat Stock Soared Almost 19% Higher Today
Thursday was a banner day for investors bullish on satellite stocks. A prominent company in the sector is apparently the focus of a concentrated acquisition effort, and this sparked a hot rally in such stocks Thursday. Viasat (NASDAQ: VSAT) was among the beneficiaries, closing the day almost 19% higher.
That peer is Globalstar, and the company apparently interested in owning it is ubiquitous online retailer Amazon. That's according to an article published early Thursday morning in the widely read business newspaper, the Financial Times.
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Source Fool.com
