$Globalstar (GSAT.US)$$Parsons (PSN.US)$Reuters· just Parsons and Globalstar Announce Partnership, Demonstrate First Software Defined Satellite Communication Solutions in Low Earth Orbit
Investors' faith in Parsons' continued market outperformance and superior earnings outlook contribute to its high P/E ratio. The potential for earnings deterioration doesn't seem significant enough to justify a lower P/E, hence a strong share price fall is unlikely soon.
Pre-Market Stock Movers Gapping up $United States Steel (X.US)$ (Shares of the steel producer surged more than 26% premarket after it rejected a $7.3 billion buyout proposal on Sunday from rival Cleveland-Cliffs and said it's reviewing “strategic alternatives.” Cleveland-Cliffs shares were flat.) $Parsons (PSN.US)$ (The technology stock climbed 2.5% in premarket trading following a rare double-upgrade in rating to buy fro...
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Parsons and Globalstar Announce Partnership, Demonstrate First Software Defined Satellite Communication Solutions in Low Earth Orbit
Gapping up
$United States Steel (X.US)$
(Shares of the steel producer surged more than 26% premarket after it rejected a $7.3 billion buyout proposal on Sunday from rival Cleveland-Cliffs and said it's reviewing “strategic alternatives.” Cleveland-Cliffs shares were flat.)
$Parsons (PSN.US)$
(The technology stock climbed 2.5% in premarket trading following a rare double-upgrade in rating to buy fro...
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