AST SpaceMobile Stock Falls From Highs Before Earnings

Telecommunications stock AST SpaceMobile Inc (NASDAQ:ASTS) has pulled back from its Oct. 16 record high of $102.79, last seen down 5.3% to trade at $66.68 today. Though the reason for the price action isn't immediately clear, AST's $1 billion debt offering of convertible senior notes hasn't helped sentiment since late last month. Year to date, the equity is still outperforming with a 214.8% lead. Plus, a floor of support could be forming at the $66 level. Looking ahead, the company is gearing up for its thi ...