Why AST SpaceMobile Stock Popped by 5% on Thursday
AST SpaceMobile(ASTS) The Motley Fool·2024-08-30 06:08
Investors were willing to take a chance on this highly speculative telecom company.A significant price target increase from an analyst helped send AST SpaceMobile (ASTS 4.95%) well higher on the second-to-last trading day of the week. Bulls piled into the company, a unique operator that aims to establish a broadband cellular network in space, boosting its stock price by nearly 5% on the day. By contrast, the S&P 500 index only traded flat across the session.A significant price target increase from a punditT ...