🔴 ASTS is trading 5.1% down today after its President disclosed a $3.3M stock sale

ASTS is trading 5.1% down today at $122.96, pressured by news of a significant insider sale following a strong rally.

• A regulatory filing revealed late Wednesday that President Scott Wisniewski sold 25,904 shares for approximately $3.3 million.
• The sale comes after the stock surged more than 30% over the past week, a rally fueled by broad sector enthusiasm surrounding a potential IPO for SpaceX.