Key Stats for Amazon Stock
Price change for Amazon stock in last 6 months: -3%
$AMZN Stock Price as of Oct. 27: $253
52-Week High: $287
$AMZN Stock Price Target: $332
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What Happened?
Amazon (AMZN:NASDAQ) got a regulatory green light for its satellite plans as the FCC approved Amazon Leo’s $11.5 billion deal to buy Globalstar. Amazon Leo is the company’s satellite arm.
The deal gives Amazon Leo about two dozen Globalstar satellites and also adds Globalstar’s mobile-satellite spectrum.
The FCC said these assets will help Leo enter the direct-to-device market, which means phones and other devices can connect straight to…
https://finance.yahoo.com/markets/stocks/articles/fcc-approves-11-5-billion-105856064.html
