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Why EchoStar Stock Popped a Lucky 7% Today

TheMotleyFool

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Why EchoStar Stock Popped a Lucky 7% TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

EchoStar Corporation (NASDAQ: SATS) stock jumped 6.8% through 10 a.m. ET Monday after Bloomberg reported over the weekend that the satellite TV and cellphone company (EchoStar owns both DISH and Boost Mobile) is in talks to merge with AT's (NYSE: T) DirecTV.

As the news agency reported, a successful merger would create "the largest pay-TV provider in the US."

Caveats abound.

Source Fool.com