Globalstar, Inc. (GSAT) News
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GSAT News Highlights
- GSAT's 30 day story count now stands at 4.
- Over the past 23 days, the trend for GSAT's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- AAPL, LEG and PAY are the most mentioned tickers in articles about GSAT.
Latest GSAT News From Around the Web
Below are the latest news stories about Globalstar Inc that investors may wish to consider to help them evaluate GSAT as an investment opportunity.
There's loads of hot penny stocks worth checking in on today and we're taking a look at what some of the top movers are doing!
Today, speculators appear to be jumping on rumors of a potential Globalstar collaboration with Apple as reason to bid up GSAT stock.
Shares of Globalstar (NYSEMKT: GSAT) were rising today on seemingly no company-specific news. Rather, it appears that investors may be pushing up Globalstar's shares after Apple announced that it will hold a product event next week. The satellite service tech stock jumped by as much as 15.8% this morning, but had gained a much tamer 3.1% as of 11:32 a.m. EDT.
Globalstar, Inc. (NYSE: GSAT) shares, which spiked to $2.78 in early September, have made a move lower. The stock was locked in the $1.43-$1.67 range for the month-to-date period. On Wednesday, the stock broke above the range and traded as high as $1.83, its highest level since Sept. 23. What Happened: The leg up in the shares of the = satellite communications has to do with Apple, Inc. (NASDAQ: AAPL)'s announcement that it will hold its "Unleashed" hardware launch event on Oct. 18. Rumors that
Satellite connectivity firm Globalstar looked like it might get into the iPhone 13.
You may be disappointed recent rumors about a game-changing customer deal failed to pan out.
They're not exactly names you want to bet the ranch on.
Globalstar lacks fundamental reasons that could move GSAT stock higher, while the downside risk is more likely.
Investors need to pay close attention to Globalstar (GSAT) stock based on the movements in the options market lately.
Globalstar stock is coming off a speculative peak with no profits in sight.