Globalstar (GSAT) gas slumped throughout most of this morning's trading. The fall comes after the company signed a $22.7 million deal with Ericsson Federal.
The stock is extending a downtrend that began in mid-September and is at a new low, down 10 cents at 45 cents.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.