AST SpaceMobile falls as SpaceX launch changes spook investors
AST SpaceMobile shares fell 2.66% to $60.36 on Wednesday as SpaceX announced structural changes to its launch schedule, adding pressure from a broader market downturn.
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AST SpaceMobile shares fell 2.66% to $60.36 on Wednesday as SpaceX announced structural changes to its launch schedule, adding pressure from a broader market downturn.
AST SpaceMobile shares are higher Monday after second-quarter revenue of $31.52 million missed the $34.98 million estimate and adjusted net loss was 35 cents a share versus a 28-cent loss expected, while management reaffirmed 2026 revenue guidance of $150 million to $200 million.
U.S. stocks traded mostly lower midway through trading, with the Nasdaq Composite falling around 1% on Thursday. The Dow traded down 0.07% to 52,619.72 while the NASDAQ dipped 0.96% to 26,017.62. The S&P 500 also fell, dropping, 0.36% to 7,545.24. Leading and Lagging Sectors Health care shares jumped by 2.2% on Thursda
On CNBC’s “ Mad Money Lightning Round,” Jim Cramer said he likes Medline Inc. (NASDAQ: MDLN ), adding that it is “probably the best IPO of the year.” Medline announced that it will report second-quarter financial results on Wednesday, Aug. 5. Analysts expect the company to report quarterly earnings at 32 cents per shar
The Nasdaq 100 falls 0.6% as a chip rout and AI-infrastructure unwind drag US equities into mixed territory
AST SpaceMobile stock declines 10% amid market volatility, investor concerns over company performance