Why Is AST SpaceMobile Stock Falling On Thursday?
AST SpaceMobile Inc. (NASDAQ: ASTS) stock moved lower Thursday following its recent $1.15 billion capital raise, analyst rating updates, and elevated short interest ahead of its Q2 earnings report.
AST SpaceMobile raised a big pile of money, but the stock went down anyway because some investors are betting against it and people are waiting to hear how the company is actually doing. When money is raised, watch if the company uses it wisely—that's what investors will judge next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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