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Why AST SpaceMobile Stock Soared Today
AST SpaceMobile (NASDAQ: ASTS) posted big gains Monday in a session of strong trading for space stocks. The company's share price ended the daily session up 9.3%. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both gained 1% on the day.AST SpaceMobile's valuation surged higher today amid excitement for the space industry, geopolitical developments, and comments from a Federal Reserve official that could point to a more favorable backdrop for the stock. The company's share price was able to close out the day with big gains despite an investment firm announcing they were no longer bullish on the stock.Image source: Getty Images.Continue reading
AST SpaceMobile (NASDAQ: ASTS) posted big gains Monday in a session of strong trading for space stocks. The company's share price ended the daily session up 9.3%. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both gained 1% on the day.
AST SpaceMobile's valuation surged higher today amid excitement for the space industry, geopolitical developments, and comments from a Federal Reserve official that could point to a more favorable backdrop for the stock. The company's share price was able to close out the day with big gains despite an investment firm announcing they were no longer bullish on the stock.
Image source: Getty Images.
