Zacks Equity Research
1 min read
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Shares of Iridium Communications Inc. (IRDM) soared 25.4% after Rocket Lab Corporation (RKLB) said that it would acquire the company and that the deal would bring together its launch services with Iridium’s satellite communications network.
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Charter Communications, Inc.’s (CHTR) shares surged 9.4% following a report that the company and SpaceX were in discussions about a consumer mobile phone product.
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Shares of Verizon Communications Inc. (VZ) declined 5.3% after the company projected second-quarter losses of between $700 million and $800 million, after classifying the net assets of its international wireline connectivity business as held for sale.
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Advanced Micro Devices, Inc.’s (AMD) shares gained 3.4% on the broader semiconductor rally.
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This article originally published on Zacks Investment Research (zacks.com).
