Why AST SpaceMobile Stock Skyrocketed 102.6% Last Month, but Has Slipped in July

AST SpaceMobile (ASTS 0.85%) stock recorded huge gains across June's trading. The space technology company's share price surged 102.6% in a month that saw the S&P 500 (^GSPC -0.04%) rise 5% and the Nasdaq Composite (^IXIC 0.06%) jump 6.6%.Excitement surrounding defense technology plays and bullish momentum for the broader market helped AST stock close out the period with huge gains. New partnership announcements, investment speculation, and analyst coverage also helped power the rally. AST SpaceMobile stock ...