Trade of the Week: GSAT | Investors Alley

Trade of the Week: GSAT

September 13, 2022 2:00 pm by Jay Soloff

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On a slow day for options trading, Globalstar (GSAT) traded over 200,000 contracts, or 31x its normal volume. The satellite communications company experienced volatile trade as investors awaited news of a deal with Apple (AAPL). GSAT will be providing satellite communication capabilities with some new AAPL products. At least one of the largest GSAT block trades on the day was extremely bullish.

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