On Wednesday, U.S. stocks experienced a positive trend, with the Dow Jones index climbing over 224 points or 0.48% to 46,565.74. The NASDAQ rose by 1.16% to 21,840.94, while the S&P 500 increased by 0.72% to 6,575.32.
These are the top stocks that gained the attention of retail traders and investors through the day:
Globalstar Inc. (NASDAQ:GSAT)
Globalstar’s stock rose by 3.18%, closing at $68.53. The stock reached an intraday high of $72.98 and a low of $67.38, with a 52-week range of $17.24 to $74.88. In the after-hours trading, the stock shot up 15.36% to $79.06.
Globalstar shares surged overnight after reports that Amazon is in talks to acquire the satellite firm.
The report said negotiations are ongoing, with complexity stemming in part from Apple’s 20% stake, acquired through a $1.5 billion investment in 2024.
A potential deal would bolster Amazon’s low-Earth-orbit satellite ambitions as it looks to catch up with SpaceX’s dominant Starlink network. Amazon has already launched over 200 satellites and is racing toward a mid-2026 deployment target of roughly 1,600 satellites.
Globalstar’s ties to SpaceX—including launch agreements for next-generation satellites—add another layer of strategic importance, especially as separate reports suggest SpaceX may be preparing for a massive IPO.
Looking ahead, Globalstar’s next catalyst is its expected May 7 earnings report, with analysts forecasting a narrower loss of 1 cent per …
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