Movement Alert｜AST SpaceMobile Rises 5.4% in Regular Trading, B. Riley Upgrades to Buy Boosting Sentiment After Sharp Selloff

Market Focus07-17

On July 17, AST SpaceMobile rose 5.4% in regular trading, trading at approximately $58.38/share, with turnover of $5.69 billion, rebounding after two consecutive days of steep declines that saw cumulative losses exceeding 18%.

On the news front, B. Riley upgraded the company from Neutral to Buy with a price target of $85. One day prior, Piper Sandler also initiated coverage with an Overweight rating and a $100 price target. According to FactSet, the stock carries an average analyst rating of Hold with a mean price target of $86.82.

The prior selloff was triggered by the company's announcement of a $1 billion private placement of convertible senior notes due 2034, carrying a 1.625% coupon rate with an additional $150 million greenshoe option. Simultaneously, an entity controlled by Chairman and CEO Abel Avellan disclosed plans to sell 2.5 million shares valued at approximately $183 million, compounding dilution fears. The current rebound appears to reflect a technical correction from oversold levels combined with bullish sell-side sentiment.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Riley Upgrades to Buy Boosting Sentiment After Sharp Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-17 22:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 17, AST SpaceMobile rose 5.4% in regular trading, trading at approximately $58.38/share, with turnover of $5.69 billion, rebounding after two consecutive days of steep declines that saw cumulative losses exceeding 18%.</p><p>On the news front, B. Riley upgraded the company from Neutral to Buy with a price target of $85. One day prior, Piper Sandler also initiated coverage with an Overweight rating and a $100 price target. 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