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Trust Skorpios, held by Russian oligarchs, has sold almost 2 million shares of Stoke Therapeutics ($STOK), leading to a $3 drawdown over the last week. The trust still holds approximately 9 million shares, representing about 17% of the company's total shares. Meanwhile, AST SpaceMobile ($ASTS) is experiencing significant trading activity, with over 81 million shares exchanged in the last seven trading days, causing the price to drop from $31 to $25. The stock is currently testing critical support levels, including the 50-day moving average (50dma) and the lower Bollinger Band. Despite the drop, 56% of ASTS shares are owned by insiders who are not selling. Additionally, the stock has fallen below the weekly 8-day exponential moving average (8ema).
$ASTS will not go much lower due to simple math. Over the last 7 trading days over 81mln shares have exchanged hands as the price dropped from $31 to $25. There are only 158mln shares that exist and 56% of them are owned by insiders who aren’t selling. So more than the entire…
$ASTS As we sit on critical 50sma support and fall below the weekly 8ema I can't help but come back to this post that stirred up some healthy debate. I still stand by what I originally said. All management had to do was wait minimum of 1 week. The argument that rushing to file… https://t.co/yVHqBMceJa
$ASTS sitting right at the 50dma. It's now or never for the bulls to bounce off this hard. Give me $30 here near term.
