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Stock impact report

Market Slump Drags Down Share Prices of AST Space Mobile Inc. (ASTS) [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
Wall Street's main indices ended this week's trading on a bloodbath following an overall market selloff as investors shifted their capital into assets offering higher returns. This article will delve into the factors behind the downturn and explore why each company was particularly affected. To come up with Friday's top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. An aerial view of a communications satellite in orbit, beaming its signal down to Earth. AST Space Mobile Inc. (NASDAQ:ASTS) Shares in AST Space Mobile declined by 7.13 percent on Friday to finish at $22.92 apiece amid the lack of catalyst to spark buying positions. Despite the decline, several analysts remained bullish on the company's growth performance moving forward, even earning a “buy” rating. Last month, UBS Group boosted its target price for AST Space to $31 from $30 apiece, while B. Riley upped its target price to $36 f Show less Read more
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