Forget the AST SpaceMobile Deal: It’s Verizon (VZ) Stock’s Wildly Rare Quant Signal That’s the Showstopper

Earlier, telecom giant Verizon (VZ) and satellite designer and manufacturer AST SpaceMobile (AST) generated business headlines by announcing a landmark commercial deal. Under the terms of the agreement, the two enterprises will collaborate to provide space-based cellular broadband service across the continental U.S. by 2026.

Following the disclosure, ASTS stock gained 8.63% on the day. For the trailing week, the security shot up almost 39%. On the other hand, VZ stock hasn’t been so lucky, slipping slightly below parity during the midweek session and falling more than 5% in the trailing five sessions.