Why EchoStar Stock Plummeted by Over 16% Today
It's almost never encouraging for an investor to learn of a federal government investigation into one of their companies. That was the news driving down telecom services provider (NASDAQ: SATS) on Monday; the market shunned the stock, to the point where it closed the day more than 16% down in price. The S 500 (SNPINDEX: ^GSPC), meanwhile, had a banner day with a nearly 3.3% gain.
EchoStar is the company that operates both the Boost Mobile budget telecom brand, and the Dish Network satellite TV service.
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Source Fool.com
Echostar Corp. A Aktie
113,18 €
-0,27 %
