🟢 Ast Spacemobile Inc is trading 7.84% up today, rebounding from a sell-off triggered by a Blue Origin launch failure

Ast Spacemobile Inc is trading at $113.93 (+7.84%), recovering from a sharp sell-off that began on May 29.

• The recent decline was triggered by the explosion of a Blue Origin New Glenn rocket during a test, which negatively impacted sentiment for launch-exposed space stocks.
• The stock fell from a high of $133.09 on May 28 to $105.65 by the close of June 1 before today's rebound.
• No new company-specific news has been identified today; the move appears to be a technical recovery as investors note that ASTS's near-term launches are scheduled with SpaceX, not Blue Origin.