Iridium Gains in Pre-Market Trade With Satellite Deal on Radar
Iridium Communications traded at $51.89 premarket Wednesday, up from Tuesday’s $50.16 close and near a 52-week high. The move followed gains across satellite stocks, not a new company release. Iridium’s $366.7 million deal to buy the rest of Aireon remains pending. The board set a 15-cent dividend for June 30.