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Globalstar (GSAT) Moves 10.3% Higher: Will This Strength Last?
ZACKS· 2026-03-26 13:21
Globalstar (GSAT) shares soared 10.3% in the last trading session to close at $67.38. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.8% loss over the past four weeks.The increase in share price can be attributed to speculation about a SpaceX IPO, as highlighted by Bloomberg, which tends to move the entire space/satellite sector. This has bolstered investor interest in the entire space economy, benefiting satellite stocks like ...