On Wednesday, Globalstar Inc. (NYSEAMERICAN:GSAT) shares rallied more than 5% amid speculative chatter about whether Apple Inc. (NASDAQ:AAPL) will announce a satellite phone service feature in its upc
Today, speculators appear to be jumping on rumors of a potential Globalstar collaboration with Apple as reason to bid up GSAT stock. The post GSAT Stock Is Climbing Today Thanks to Apple Event Rumors

Why Globalstar's Stock Popped Today

12:09pm, Wednesday, 13'th Oct 2021
It appears some investors are hoping Apple will reveal a new product with satellite capabilities.
Globalstar, Inc. (NYSE: GSAT) shares, which spiked to $2.78 in early September, have made a move lower. The stock was locked in the $1.43-$1.67 range for the month-to-date period.
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Satellite connectivity firm Globalstar looked like it might get into the iPhone 13. With those hopes dashed, however, what's next for GSAT stock?
You may be disappointed recent rumors about a game-changing customer deal failed to pan out. But other potential catalysts could still lift GSAT stock to higher prices.
They're not exactly names you want to bet the ranch on. Still, a $100 position in each of these penny stocks could be worth the risk.
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Investors need to pay close attention to Globalstar (GSAT) stock based on the movements in the options market lately.
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Globalstar stock is coming off a speculative peak with no profits in sight. GSAT stock could tread water for a while until investors can see that its subscriber base and revenue are growing again.
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