Movement Alert｜AST SpaceMobile Rises 5.76% in Regular Trading, Technical Rebound After Multi-Day Selloff as Crypto Platform Lists Perpetual Contracts

Market Focus06-02

On June 2, AST SpaceMobile rose 5.76% in regular trading, trading at $112.18/share, with trading volume of $443 million.

On the news front, crypto trading platform SuperEx announced the official listing of ASTSUSDT perpetual contract trading pairs, supporting full-position, isolated-position, and split-position modes across web and app platforms. The new trading channel may have increased liquidity and market attention for the stock.

Additionally, ASTS had previously suffered a sharp decline of over 20% from multiple headwinds, including the Blue Origin New Glenn rocket explosion during a static fire test, Deutsche Bank analyst Bryan Kraft downgrading the stock from Buy to Hold with a target price cut from $117 to $106, and SpaceX reportedly lowering its IPO target valuation from over $2 trillion to at least $1.8 trillion. Following this concentrated selloff, the stock exhibited technical rebound demand from oversold conditions.

AST SpaceMobile is an innovative satellite designer and manufacturer building the first space-based cellular broadband network accessible directly by standard smartphones, covering 2G/3G/4G LTE/5G and IoT devices.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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