Why Viasat Stock Soared After Posting First-Quarter Results
VSATViaSat(VSAT) Seeking Alpha·2024-08-09 20:30
imaginima/E+ via Getty Images After Viasat (NASDAQ:VSAT) posted first-quarter results, the stock closed up by 37.82% on the day. Last covered as a stock to buy but to wait for a pullback nearly a decade ago, will history repeat itself? VSAT stock traded at $62.87, but barely pulled back below $62. It did not break out until 2020, four years after the analysis, peaking at $94.25. After a break rebound through 2022, shares fell into a sustained downtrend. It closed at $24.49 on August 8, 2024. What did Vi ...