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Globalstar, Inc. (NASDAQ:GSAT) shares are trading lower by 17% at $1.95 amid profit-taking after the stock gained Monday following a report Apple will add satellite capabilities to iPhones for usage in emergencies.
Globalstar shares were trading higher Monday following a note sent out by analyst Ming Chi-Kuo that the technology giant could partner with Globalstar on bringing low-earth-orbit satellite communications functionality in the iPhone 13.
Globalstar is a telecommunications company that derives revenue from the provision of mobile satellite services. The company provides communications services such as two-way voice and data transmission.
Globalstar has a 52-week high of $2.98 and a 52-week low of $0.29.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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