On May 29, AST SpaceMobile declined 3.89% overnight, trading at $128.08/share, with trading volume of approximately $8 million.

The decline extends the previous session's pullback as profit-taking pressure continues to weigh on the stock. ASTS had surged over 30% in the prior week, with a single-day gain as high as 19% on May 27, driven by multiple catalysts including SpaceX formally filing its Nasdaq IPO application targeting up to $75 billion in fundraising, US major telecom operators forming a joint venture to standardize satellite direct-to-device services — validating AST SpaceMobile's commercial prospects — and the company's CEO reaffirming accelerated satellite manufacturing timelines. Following such rapid accumulation of gains, profit-taking capital has continued to exit over consecutive sessions, resulting in sustained downward pressure.

(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.)