Why AST SpaceMobile Stock Raced Higher Today
This space stock is headed to the stars in one analyst's opinion.
Overview
Ending the week on a bullish note, AST SpaceMobile (NASDAQ: ASTS) stock closed higher today after an analyst provided an optimistic outlook. Shares of AST SpaceMobile, a developer of a space-based cellular broadband service, had fallen 10.6% from the end of trading last Friday through yesterday's close.
Today, however, shares of AST SpaceMobile closed up 5.1%, retreating from an earlier rise of 12.1%.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.