Why AST SpaceMobile Stock Keeps Falling
Yahoo Finance ·
AST SpaceMobile ( ASTS -7.17% ) stock enjoyed a brief pop Monday, gaining 1% before resuming its fall Tuesday. Credit for the pop goes to Deutsche Bank , which upgraded the satellite communications stock to "buy" after watching AST lose 65% of its market capitalization from May to October. As of 11:55 a.m. ET today, however, AST shares are down 9% -- and down nearly 26% over the past week. And you can blame Piper Sandler for that -- because Piper thinks Deutsche is wrong about AST SpaceMobile.
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