AST SpaceMobile (ASTS) Stock Drops After BlueBird 6 Reaches Orbit: Latest News, Analyst Targets, and What Investors Should Watch Before Monday
AST SpaceMobile shares fell 7.8% to $71.95 Friday, trading on heavy volume after the launch of its BlueBird 6 satellite into low Earth orbit. The stock swung between $71.03 and $77.40, with about 19.3 million shares changing hands. The drop extended a reversal from earlier in the week, when shares briefly touched $92.95. BlueBird 6, launched Dec. 23, is the company’s first next-generation satellite.