AST SpaceMobile (ASTS) shares were down about 7.8% in Tuesday trading after Piper Sandler downgraded the stock to neutral from outperform, with a price target of $54.
Trading volume stood at more than 18.3 million shares, compared with a daily average of about 13.1 million.
Price: 47.44, Change: -4.02, Percent Change: -7.81