GSAT declined today 9/08/2022 because of ELON hint

 Top 15 Trending Stocks On WallStreetBets As Of Thursday, September 8, 2022 (Via Swaggy Stocks)

Mentioned:

AAPL AMZN BBBY DIS GME GSATINTC NET QQQ SNAP SPOT SQQQTSLA

Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment

1. GameStop (GME)
2. Apple (AAPL)
3. Bed Bath & Beyond (BBBY)
4. Globalstar (GSAT)
5. Tesla (TSLA)
6. Invesco QQQ Trust (QQQ)
7. Digital World Acquisition (DWAC)
8. Amazon (AMZN)
9. Snap (SNAP)
10. Spotify Technology (SPOT)
11. ProShares UltraPro Short QQQ (SQQQ)
12. Robinhood Markets (HOOD)
13. Walt Disney (DIS)
14. Intel (INTC)
15. Cloudflare (NET)

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

3:12a ET 9/9/2022 - Benzinga

Elon Musk Hints At Potential Apple-SpaceX Partnership For iPhone 14 Satellite Feature

Mentioned:

AAPL GSAT TMUS TSLA

Tesla Inc (NASDAQ: TSLA) and SpaceX CEO Elon Musk said he's had some 'promising conversations' with Apple Inc (NASDAQ: AAPL) over Starlink connectivity.

What Happened: The billionaire entrepreneur said on Twitter Thursday that the iPhone team is obviously 'super smart.'

'For sure, closing link from space to phone will work best if phone software & hardware adapt to space-based signals vs Starlink purely emulating cell tower,' said Musk.

We've had some promising conversations with Apple about Starlink connectivity. iPhone team is obv super smart.

For sure, closing link from space to phone will work best if phone software & hardware adapt to space-based signals vs Starlink purely emulating cell tower.

â?? Elon Musk (@elonmusk) September 8, 2022

See Also: How To Buy Tesla (TSLA) Shares

Why It Matters: Apple unveiled the iPhone 14 at a recent event. The new lineup features Emergency SOS via Satellite powered by Globalstar, Inc (NYSE: GSAT).

Late last month, Musk's SpaceX announced a collaboration with T-Mobile US Inc (NASDAQ: TMUS) on bringing satellite-based connectivity to T-Mobile's users next year.

At the event, Musk said that SpaceX's Starlink's second-generation satellites would be able to 'broadcast direct to cell phones.'

Price Action: Tesla shares closed 2% higher at $289.26 in the regular session and rose 0.25% in the after-hours session. On the same day, Apple shares closed 1% lower at $154.46.

Read Next: Apple Not The 'Market Leader' For Smartphones, Says CEO Tim Cook. 'Facts Don't Bear You Out'

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

GSAT

3:05p ET 9/14/2021 - MarketWatch

Globalstar's stock takes a dive after Apple didn't say its new iPhone supports satellite communications

Mentioned:

AAPL GSAT

Shares of Globalstar Inc. (GSAT) took an afternoon dive Tuesday, as investors expressed disappointment that Apple Inc. (AAPL) did not say its new iPhone 13s would support satellite communications. The mobile satellite services company's stock sank 19.4%, after being down 5.3% just before the start of Apple's iPhone 13 launch event. The stock had rocketed 64.3% on Aug. 30, after the reports surfaced that Apple would work with Globalstar as it added satellite communications to its next iPhone. The stock had climbed another 14.5% from Aug. 30 to the five-year closing high of $2.69 on Sept. 8, before pulling back. The stock has still rocketed 442.9% year to date, while the S&P 500 has advanced 18.3%. 

-Tomi Kilgore 

(END) Dow Jones Newswires

September 14, 2021 15:05 ET (19:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.

GSAT- One month progress related IPhone13 

Why Globalstar's Stock Is Trading Lower Today

byBenzinga Insights

May 7, 2021 1:10 pm

License

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Globalstar (AMEX:GSAT) shares are trading lower after the company reported Q1 sales of $26.93 million, down from $32.19 million.

Globalstar is currently down 6.92% to a price of $1.15. 

The stock's current volume for the day is 9.80 million, which is approximately 58.92% of its previous 30-day average volume of 16.63 million.

The moving average price of the stock over the past 50 days was $1.35 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $2.98 and as low as $0.28.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. 

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