AST SpaceMobile shares jump after Berenberg launches Buy coverage
Berenberg launched coverage of four space stocks, including AST SpaceMobile, with a Buy rating that pushed the shares higher.
By Al Root. Space stocks lost momentum after the run-up into SpaceX's record-setting initial public stock offering, before the sector fell back to Earth. Berenberg said it sees four opportunities for investors, including AST SpaceMobile. The broker began coverage of four space stocks on Wednesday and rated them all Buy.