AST SpaceMobile Pulls Back Some 11% Following Three-Session, 140%+ Run-Up
$AST SpaceMobile(ASTS.US$ fell more than 10% Tuesday after a three-session bull run drove the broadband company's stock up more than 140% in less than a week.
ASTS shed 10.8% to a $4.71 close, snapping a win streak that saw shares gain as much as 141.4% to a $5.77 intraday peak since closing last Wednesday at just $2.39.
AST SpaceMobile rallied last week on word that the company had signed a deal with $AT&T(T.US$ to make ASTS's space-based broadband network available to everyday mobile-device users.
Shares also benefited from well-received Q1 results.
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