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AST SpaceMobile (ASTS) Stock Tumbles 6% Amid Massive Insider Sales and Satellite Delay
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AST SpaceMobile (ASTS) Stock Tumbles 6% Amid Massive Insider Sales and Satellite Delay
Quick Summary Rakuten CEO Hiroshi Mikitani offloaded approximately $154.5M worth of ASTS shares, contributing to ~$274M in total insider sales last quarter The BlueBird 7 satellite deployment was postponed to April 19 from Kennedy Space Center Deutsche Bank reduced its price projection from $139 down to $117, referencing Amazon’s Globalstar purchase Short positions reached their highest level in eight months amid growing skepticism Major instit…
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