- The stock price of Globalstar, Inc. (NYSE American: GSAT) increased 17.05% yesterday. This is why it happened.
The stock price of Globalstar, Inc. (NYSE American: GSAT) increased 17.05% yesterday, going from a previous close of $1.29 to $1.51. Investors responded positively to a bullish research report.
B. Riley had initiated coverage of Globalstar with a “buy” rating and a price target of $3.25. And B. Riley analyst Mike Crawford noted that Globalstar and its sponsors “after years of development, support, and patience, are at long last starting to realize a return on satellite system and spectrum assets.”
Crawford wrote that 2021 makes an excellent time to buy GSAT before the market digests this change.
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