AST SpaceMobile Shares Fall 9.07% Intraday on Oct. 13

AST SpaceMobile (ASTS) shares fell 9.07% intraday to $46.795 at 10:42 a.m. ET (14:42 UTC) Oct. 13, putting the stock below Monday’s close while leaving the full-session result unconfirmed.

The shares opened at $48.40 and traded between $46.24 and $48.72. Reported volume stood at 203,096 shares at the time of the market snapshot.

The decline brought ASTS below its previous close of $51.46. Because the reading was taken during regular trading hours, it did not establish a confirmed closing loss for the session.

AST SpaceMobile is developing a space-based cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its Class A common stock trades on Nasdaq under the ticker ASTS.