Will GSAT go up today?

**Globalstar (GSAT) is likely to experience an increase in its stock price today**, and here's why: 1. **Positive Trend**: The current trend for GSAT is bullish, with a duration of 8 days. This indicates a positive momentum that could continue in the short term. 2. **Extended Services Agreement with Apple**: Globalstar has announced an extended services agreement with Apple Inc., which includes significant funding and partnership terms. This strategic alliance is expected to boost Globalstar's revenue and infrastructure expansion. 3. **Investment and Equity Stake**: Apple is investing $1.1 billion in Globalstar, with an additional $400 million to acquire a 20% equity stake in Globalstar's subsidiary. This substantial investment can enhance Globalstar's financial stability and its capacity to expand its satellite services. 4. **Stock Performance**: Globalstar's stock has already shown a positive reaction to the announcement, closing 31% higher on the day the agreement was disclosed. This suggests strong market confidence in the company's future prospects. 5. **Revenue Projections**: Globalstar expects its total annual revenue to more than double following the launch of the expanded satellite services. This optimistic forecast can attract investor confidence and potentially drive the stock price up. In conclusion, the combination of a bullish trend, a significant partnership with Apple, substantial investment, positive stock performance, and revenue projections all point to a higher likelihood of GSAT increasing in value today.