The Verizon logo is seen on the 375 Pearl Street building in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly/File Photo
NEW YORK (Reuters) - AST SpaceMobile shares jumped more than 70% on Wednesday and hit their highest level since November 2022 after the satellite communication company announced a new direct-to-cellular tie-up with Verizon Communications.
The stock has more than quadrupled since the start of May, and is now up about 50% for the year.
