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Why AST SpaceMobile Stock Jumped 64% in October

TheMotleyFool 
0 0 09.11.25
Why AST SpaceMobile Stock Jumped 64% in October: https://g.foolcdn.com/editorial/images/841409/ast-spacemobile-satellite.jpg
 

The share price of AST SpaceMobile (NASDAQ: ASTS), a development-stage maker of satellites used to deliver broadband, was surging last month on a combination of momentum leading into October, after it said it completed assembly of its Bluebird 6 satellite, and as it signed a new deal with Verizon Communications.

By the end of the month, the stock price was up 64%, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock jumped through the first half of the month before giving back some of those gains in the second half of October.

ASTS Chart

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Source Fool.com

Verizon Communications Inc. Stock

€35.34
0.070%
With only a change of €0.025 (0.070%) the Verizon Communications Inc. price is nearly unchanged from yesterday.
Verizon Communications Inc. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
With a target price of 43 € there is a positive potential of 21.68% for Verizon Communications Inc. compared to the current price of 35.34 €.
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