AST SpaceMobile director buys into 50% stock drawdown

Yahoo Finance+1 · 6 hours ago
AST SpaceMobile director buys into 50% stock drawdown
  • Adriana Cisneros bought ASTS shares at approximately $57, averaging up from earlier purchases made at lower prices.
  • AST SpaceMobile is down 1% in the latest session and 14% year to date, lagging a broader-market rally as commercial space stocks remain under pressure.
  • The company is building a direct-to-mobile satellite network backed by partnerships with more than 60 mobile network operators and contracted revenue commitments.

Quotes

Defense and intelligence organizations around the globe rely on Planet's high-frequency, scalable satellite solutions to address complex and fast-evolving security environments.Jon Powers

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