|Day Low/High||2.16 / 2.27|
|52 Wk Low/High||0.63 / 2.59|
Interest in the satellite communications company has grown following the bidding war that erupted over Straight Path, which also owned wireless spectrum.
Companies with niche wireless spectrum holdings are in demand as Verizon, AT&T and others look to speed up their wireless networks. Investors are adjusting expectations Thursday.
A bidding war for Straight Path's valuable wireless spectrum has led its shares to more than quintuple in the last month.
The unnamed bidder, reportedly Verizon, has increased its offer, according to Straight Path. AT&T now has days to counter.
As of 6pm Thursday, Comcast, Dish, T-Mobile, AT&T, Verizon and others can resume strategic talks.
Shares of fellow niche spectrum owner Globalstar also gain, as Verizon declines to say whether it submitted the $1.8 billion bid.
Verizon says CEO Lowell McAdam's recent comments that Verizon would be open to deal talks with Comcast, Disney or CBS were "a little taken out of context."
Stocks close in positive territory Monday ahead of a big week for U.S. corporate earnings.
Stocks rise on Monday ahead of a big week for U.S. corporate earnings, including reports Monday from Netlfix and United Airlines.
Spectrum acquisitions continue as wireless carriers prepare for 5G, the Internet of things
Jay Monroe recognized for development of SPOT
Investors in Globalstar Inc saw new options begin trading today, for the March 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the GSAT options chain for the new March 17th contracts and identified one put and one call contract of particular interest.