Home Trending Stocks Why Maxar Technologies Inc. (MAXR) stock price fluctuated on Thursday?

Why Maxar Technologies Inc. (MAXR) stock price fluctuated on Thursday?

Maxar Technologies Inc. (MAXR) shares soared 4.50% in after-hours on Thursday, July 15, 2021, and closed at $34.61 per share. Earlier in the morning session, MAXR’s stock lost 2.79% to close Thursday’s session at $33.12. MAXR shares have risen 106.10% over the last 12 months, and they have moved down 7.23% in the past week. Over the past three months, the stock has lost 10.75%, while over the past six months, it has shed 14.90%.

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Let’s see what’s going on with MAXR in the recent past?


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Upcoming financial results announcement

Maxar Technologies will announce its second-quarter 2021 financial results after the market closes on Wednesday, August 4, 2021.

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An earnings conference call will be hosted the same day at 3:00 p.m. MT (5:00 p.m. ET)by Maxar President and Chief Executive Officer, Daniel Jablonsky, and Executive Vice President and Chief Financial Officer, Biggs Porter.

PPE for NASA passed its PDR

On July 12, 2021, Maxar Technologies announced that the Power and Propulsion Element (PPE) it is developing for NASA’s lunar Gateway has passed its first Preliminary Design Review (PDR) and remains on track for launch in 2024.

Maxar’s PPE is the foundational element of the Gateway, providing power, maneuvering, attitude control, and communications systems for the lunar orbiting outpost.

WorldView Legion Access agreement

On July 07, 2021, Maxar Technologies signed a contract for WorldView Legion satellite constellation capacity through an expanded agreement with key international defence and intelligence customers.

The multi-year, $35 million contract will provide first-hand access to Maxar’s avant-garde WorldView Legion satellite constellation to prime customers.

Maxar is recognized as a trusted name in the field of Earth Intelligence and Space Infrastructure all over the world. The company delivers ground-breaking technologies to enhance national intelligence with commercial imagery and expertise by operating the world’s most sophisticated constellation of earth imaging satellites.

3D data delivered to Australian Department of Defense

On June 24, 2021, Maxar Technologies announced that it had delivered 3D data products and high-resolution satellite imagery to the Australian Department of Defence under recent multi-million-dollar contracts.

Participation in the recent investor conference

Maxar Technologies recently participated at UBS Global Industrials and Transportation Virtual Conference which was held on June 8, 2021.

The company also participated in BofA Securities 2021 Transportation, Airlines, and Industrials Conference which was held onMay 20, 2021.

New appointment

On May 11, 2021, Maxar Technologies appointed Daniel Nord as Senior Vice President, Chief Product Officer. He commenced his new role on May 24, 2021.

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Conclusion

There is no recent news or development for MAXR mixed performance on Thursday so we are not sure how MAXR will end the weekly trading.

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