Why AST SpaceMobile Stock Keeps Jumping Higher
ASTSAST SpaceMobile(ASTS) The Motley Fool·2024-03-09 00:36

AST SpaceMobile (ASTS 4.69%) stock popped on Wednesday, closing the day 3% higher in response to news that Scotiabank had initiated coverage of the stock with a sector outperform (i.e., buy) rating. On Friday, for the second time in three days, the tiny cellphones-to-satellites communications company is again enjoying a much-appreciated lift -- this time, thanks to Switzerland's UBS. As of 10:30 a.m. ET, AST stock is up a solid 6%. UBS says it's time to buy AST SpaceMobile stock In Wednesday's note, Scotiab ...