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Why Globalstar Stock Crashed Today


Easy come, easy go. Shares of Globalstar (NASDAQ: GSAT) stock, the satellite communications company that's helping Apple (NASDAQ: AAPL) offer emergency SOS text service to its customers in cellphone dead zones, surged 5% on Tuesday after Clear Street brokerage raised its price target to $71.

On Wednesday, however, the stock gave back all those gains and more, closing the day down 9.6%. Why?

Image source: Getty Images.

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Source Fool.com

Apple Inc. Stock

€222.30
-0.200%
The price for the Apple Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.450 (-0.200%).
Currently there is a rather positive sentiment for Apple Inc. with 107 Buy predictions and 11 Sell predictions.
With a target price of 231 € there is a slightly positive potential of 3.91% for Apple Inc. compared to the current price of 222.3 €.
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