Globalstar shares are trading higher after the company announced it appointed Dr. Paul Jacobs as CEO and announced an agreement to license XCOM Labs technology.
Portfolio Pulse from Benzinga Newsdesk
Globalstar has appointed Dr. Paul Jacobs as CEO and announced a licensing agreement with XCOM Labs. This news has led to an increase in Globalstar's share price.
August 29, 2023 | 12:35 pm
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Globalstar's appointment of a new CEO and licensing agreement with XCOM Labs has led to a rise in its share price.
The appointment of a new CEO often brings new strategies and perspectives to a company, which can boost investor confidence. Additionally, the licensing agreement with XCOM Labs could potentially open up new revenue streams for Globalstar, making it an attractive investment. These factors have led to an increase in Globalstar's share price.
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