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Why Viasat Stock Trounced the Market on Wednesday
A product deployment in a large South American country was the news item providing a healthy lift to Viasat's (NASDAQ: VSAT) shares on Wednesday. Investors traded up the satellite company's stock by more than 3%, providing a pleasant contrast to the 0.3% decline of the S&P 500 (SNPINDEX: ^GSPC) that day.Viasat announced that day that Satélite Norte, a municipal transportation company based in Brazil, is officially the first entity to go live with Viasat's Digital Bus connectivity system. Digital Bus, which provides satellite connections for passengers, is now available on Satélite Norte buses plying routes between the municipality of Goiânia and the city of São Paulo. Image source: Getty Images.Continue reading
A product deployment in a large South American country was the news item providing a healthy lift to Viasat's (NASDAQ: VSAT) shares on Wednesday. Investors traded up the satellite company's stock by more than 3%, providing a pleasant contrast to the 0.3% decline of the S&P 500 (SNPINDEX: ^GSPC) that day.
Viasat announced that day that Satélite Norte, a municipal transportation company based in Brazil, is officially the first entity to go live with Viasat's Digital Bus connectivity system. Digital Bus, which provides satellite connections for passengers, is now available on Satélite Norte buses plying routes between the municipality of Goiânia and the city of São Paulo.
Image source: Getty Images.
