ASTS Shares Slip 0.4% Overnight Amid Spectrum Expansion Effort
AST SpaceMobile sought more spectrum to expand satellite broadband capabilities. Shares had jumped nearly 3% Friday to close at $39.70; Herb Greenberg questioned the stock’s valuation.
Shares of AST SpaceMobile (ASTS) slipped 0.4% overnight late Sunday even as the company sought more spectrum to expand its satellite broadband capabilities, while market veteran Herb Greenberg questioned its valuation despite a steep selloff.ASTS stock jumped nearly 3% on Friday to close at $39.70…