On July 8, AST SpaceMobile fell 5.28% in pre-market trading, trading around $70.35/share, extending a decline over three consecutive trading sessions.

On the news front, Chairman and CEO Abel Avellan's controlled entity previously filed a Form 144 disclosing plans to sell 2.5 million shares of Class A Common Stock through Citigroup Global Markets, with an estimated total value of approximately $183 million. The large-scale insider sale plan has continued to weigh on market sentiment, contributing to sustained selling pressure in recent sessions. The stock had already declined approximately 5.38% on July 6 and 5.44% on July 7, reflecting persistent bearish momentum.

AST SpaceMobile is an innovative satellite designer and manufacturer building the first space-based cellular broadband network accessible directly by standard smartphones, with commercial agreements with nearly 60 mobile operators worldwide.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)