Why AST SpaceMobile Stock Sank This Week

AST SpaceMobile (NASDAQ: ASTS) stock lost ground over the last week of trading even though the broader market saw bullish momentum. The satellite communications company's share price ended the week's session down 11.7% from the previous week's market close. Over the same stretch, the S&P 500 gained 1.9%, and the Nasdaq Composite climbed 2.3%.On Oct. 21, AST announced that it was considering raising funds through a new private stock sale. The threat of stock dilution and new debt sent the company's share price tumbling.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool