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What’s going on with AST SpaceMobile stock? – AST SpaceMobile (NASDAQ:ASTS)


What’s going on with AST SpaceMobile stock? – AST SpaceMobile (NASDAQ:ASTS)

AST SpaceMobile, Inc. ASTS Shares fell on heavy volume Thursday. The company today announced the successful launch of its first five commercial satellites.

The details:

AST SpaceMobile launched the Bluebird satellites at 4:52 a.m. ET from Cape Canaveral, Florida. The large antenna arrays are designed to directly reach standard smartphones at the speed of cellular broadband, enabling voice, data and video transmissions, as well as other non-communications-related government applications.

Once launched, the BlueBird satellites are expected to provide discontinuous cellular broadband service throughout the United States and in select markets worldwide. The Bluebirds target approximately 100% nationwide coverage from space, with over 5,600 coverage cells in the United States.

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“This is an exciting next step into a future where our customers will only be hard to reach when they want to be, giving them the ability to go anywhere and do anything while staying connected with just a regular mobile phone,” said Jeff McElfreshChief Operating Officer of AT&T.

Last week, AST SpaceMobile’s share price fell after the company filed a prospectus for the offering and sale of up to $400 million of Class A common stock. According to data from Benzinga Pro, AST SpaceMobile shares have risen more than 25% in the past month and are trading above the stock’s 50-day moving average of $21.65.

How to buy ASTS shares:

Now you’re probably curious about how you can participate in the market for AST SpaceMobile – whether by buying shares or even trying to bet against the company.

Buying stocks is usually done through a brokerage account. You can find a list of possible trading platforms here. Many allow you to buy “fractional shares,” which lets you own portions of stocks without buying a whole share. For example, some stocks, like Berkshire Hathaway or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of it, you can do so with brokerage firms.

In the case of AST SpaceMobile, which is trading at $25.17 at the time of publication, $100 could buy you 3.97 shares.

If you want to bet against a company, the process is more complex. You’ll need access to an options trading platform or a broker that allows you to “short” a stock by lending you the shares to sell. For information on how to short a stock, see this resource. If your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price that’s above the current stock price. Either way, you can profit from the price drop.

ASTS price promotion: According to Benzinga Pro, AST SpaceMobile shares are down 9.25% at $25.33 as of publication Thursday.

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Image: Courtesy of AST SpaceMobile, Inc.

Market news and data provided by Benzinga APIs

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