This is Digital Bus, a satellite connectivity platform. A product deployment in a large South American country was the news item providing a healthy lift to Viasat's (NASDAQ: VSAT) shares on Wednesday. Viasat announced that day that Satélite Norte, a municipal transportation company based in Brazil, is officially the first entity to go live with Viasat's Digital Bus connectivity system.
It initiated coverage with a buy recommendation. Coal producer Core Natural Resources (NYSE: CNR) had a banner Wednesday on the stock exchange, rising by more than 6% across that day's trading session. The initiating party was Swiss bank UBS, in the person of analyst Myles Allsop.