ViaSat Inc is trading at $69.59 (4.3% down) as the stock pulls back after a major rally on Thursday.
- The stock soared 18.23% on June 11 after the company announced it was awarded a significant contract by the U.S. Space Force.
- Viasat, along with Intelsat, will build a mini-GEO dual X/Ka-band satellite system, with the total value of the two contracts being $437.7 million.
- Today's decline appears to be profit-taking following the sharp, news-driven rally, rather than a reaction to any new negative information.