A hot rumor that could have led to significant profits for satellite operator Globalstar (NYSE:GSAT) stock, which focuses on providing mobile satellite services, appears to have fizzled out at least for the next year. Source: AlexLMX / Shutterstock Meanwhile, the company is facing a huge amount of competition and GSAT stock, despite its recent plunge,…

Satellite services company Globalstar (NYSE:GSAT) is once again finding its mojo today. Indeed, the 4% rise in GSAT stock is a welcome departure from the trajectory this stock has been on over the past month. Since hitting a high of more than $2.75 per share in early September, shares of Globalstar have declined to the $1.50 level in…

Today, Globalstar (NYSE:GSAT) is one of the top trending tickers in the market. Currently, GSAT stock is trading more than 20% higher on very heavy volume as speculators appear to be jumping aboard this telecom play. Source: Shutterstock In general, telecommunications companies aren’t that interesting to investors. Many of the larger, more established telecom players provide stability and…

Elon Musk, founder of Tesla (NASDAQ:TSLA), has an overwhelming power on social media, giving momentum to assets and dictating the narrative in the market with a single tweet. With about 58 million devoted followers, he can trigger significant moves in specific stocks or cryptocurrencies. Let’s call them Elon Musk’s stocks. When Musk makes his comments,…