ASTS set an ATH yesterday (6/25/25) and has consolidated in the pre-market, allowing for anyone who may have missed the stock's run off of those $48.92 Resistance Levels, which have also reversed and turned in support in today's pre-market sessions.
The dip in the stock in this morning's pre-market comes from the company announcing that they will be repurchasing $225M in Debt by selling 9.45M Shares to Participating Note Holders, removing 8.3 Million Underlying Shares in the process.
Looking for another potential re-entry in the stock around the $50.20's-$50.25 price levels with a stop at that previous level of resistance which should act as support if the stock goes any lower first, before heading northward.
The dip in the stock in this morning's pre-market comes from the company announcing that they will be repurchasing $225M in Debt by selling 9.45M Shares to Participating Note Holders, removing 8.3 Million Underlying Shares in the process.
Looking for another potential re-entry in the stock around the $50.20's-$50.25 price levels with a stop at that previous level of resistance which should act as support if the stock goes any lower first, before heading northward.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.