AST SpaceMobile Shares Rise 6% After Recent Selloff
AST SpaceMobile shares rose 6% Tuesday to close at $41.96, recovering from a selloff that took the stock to a 52-week low last week. BlackRock disclosed a 5.4% stake. Shares remained down 29% in October.
Shares of AST SpaceMobile (ASTS) rose 6% on Tuesday, recovering from a selloff that pushed shares to a 52-week low last week, while BlackRock’s disclosure of a 5.4% stake brought its institutional ownership back into focus.ASTS stock closed at $41.96 on Tuesday, leaving shares down 29% in October a…