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Globalstar Breaks Above Recent Trading Range As Apple Rumors Resurface

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. On Wednesday, the stock broke above the range and traded as high as $1.83, its highest level since Sept. 23. What Happened: The leg up in the shares of the = satellite communications has to do with Apple, Inc. (NASDAQ: AAPL)’s announcement that it will hold its “Unleashed” hardware launch event on Oct. 18. Rumors that

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