Globalstar Stock Jumps on Spectrum Deal News

Globalstar's stock jumped nearly 5% after EchoStar's $23 billion spectrum sale to AT&T, sparking investor hopes that Globalstar's similar assets are undervalued. While the surge is notable, Globalstar's volatility and year-to-date losses temper enthusiasm, though long-term holders still see impressive gains. Hosted on Acast. See acast.com/privacy for more information.