AST SpaceMobile, Inc. (NASDAQ:ASTS) is experiencing movement in its stock price Tuesday. Here’s what you need to know.

What To Know: The session volume stands at 6.772 million shares, significantly higher than the stock’s 100-day average volume of 11.084 million shares.

AST SpaceMobile plans to deploy the largest commercial communications satellite in low Earth orbit. This satellite array will act as a giant cell tower, providing strong signals directly to standard smartphones.

In recent company developments, AST SpaceMobile appointed Andrew Johnson to the additional role of chief financial officer while continuing as chief legal officer. Additionally, Shanti Gupta, previously chief accounting officer, was promoted to chief operating officer.

ASTS Price Action: AST SpaceMobile shares were up by 8.9% at $13.94 ahead of the close Tuesday, according to Benzinga Pro.

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