Globalstar Gets Big Bump Following FCC News

Shares of Globalstar, Inc. GSAT 1.66% are soaring 30 percent on Monday after the company received some positive news from the Federal Communications Commission (FCC). Earlier this year, the FCC rejected Globalstar’s proposal to use satellite signal frequencies to distribute its mobile broadband services. The FCC rejected the original plan on the grounds that Globalstar…

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3 Stocks That Are Too Dangerous to Short

Sometimes even companies that are in secular decline or ones that seem destined for bankruptcy can take the market by surprise. All of these stocks are struggling, making them seem like good short interest candidates. When expectations are in the basement, however, one fluky positive data point or buyout rumor can send shares soaring.