U.S. indices were trading lower again Monday on continued weakness as investors continue to weigh coronavirus delta variant concerns, inflation worries and Fed tapering signs.
A recent regulatory filing by satellite communications provider Globalstar Inc. (NYSE: GSAT) has “nothing to do” with tech giant Apple Inc. (NASDAQ: AAPL), according to Mark Gurman, a leading
Iridium Communications Inc’s (NASDAQ: IRDM) sharp subscriber growth over the past four years has caught the popular money manager Cathie Wood’s attention and despite the satellite communications provider’s recent annual loss, the stock has fetched handsome returns over the years.
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GameStop (GME)
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Tesla (TSLA)
ContextLogic (WISH)
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Globalstar, Inc. (NASDAQ: GSAT) shares are trading higher by 10.6% at $2.30 as traders circulate an FCC Permit showing Apple as one of the company's customers.
Globalstar, Inc. (NYSE: GSAT) shares are trading higher after the company received an additional advance payment of $37.5 million from a customer. The company will use the proceeds to repay a portion of the amount outstanding under its first lien credit facility.
Globalstar, Inc. (NASDAQ: GSAT) shares are trading lower by 17% at $1.95 amid profit-taking after the stock gained Monday following a report Apple will add satellite capabilities to iPhones for usage in emergencies.