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Benzinga
Benzinga
Business
Henry Khederian

AST SpaceMobile Stock Hits All-Time Highs Before Falling Thursday: What's Going On?

AST SpaceMobile ASTS AST SpaceMobile Inc Momentum Verizon
AST Spacemobile

Shares of AST SpaceMobile Inc (NASDAQ:ASTS) surged to a new all-time high Thursday morning, extending a powerful rally despite a lack of company-specific news during the session. The stock's recent momentum builds on a 370% year-to-date gain for the satellite-to-cellular company.

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