The ASTS Week in Review: 19% Stock Drop on Capital Raise Announcement

The ASTS Week in Review: 19% Stock Drop on Capital Raise Announcement

AST SpaceMobile (NASDAQ:ASTS) dropped 19% this week, falling from $101.79 to $82.51 as the space-based cellular broadband company executed a complex capital raise strategy. While the broader market dipped just 1.29% over the same period, ASTS investors faced three major storylines that reshaped the company’s financial structure. The Bigger Picture on Performance Despite this week’s ... The ASTS Week in Review: 19% Stock Drop on Capital Raise Ann…

Space and Defense Stocks to Watch: Lockheed, Huntington Ingalls Rise Into Holiday Week; AST SpaceMobile Deal in Focus

Lockheed Martin and Huntington Ingalls led U.S. defense stocks higher Friday, with Huntington Ingalls up 3% to $418.78 and Lockheed rising 2.4% to $652.58. AST SpaceMobile detailed a $1 billion convertible note offering and plans to repurchase $300 million in existing debt, warning of substantial trading impacts. U.S. markets close Monday for Presidents Day, leaving investors to digest weekend developments on Tuesday. The post Space and Defense …