Intelsat Stock Just Crashed and Burned
Easy come, easy go. That may soon become the motto of investors in Intelsat (NYSE: I) stock.
Just a few weeks ago I was on these pages writing about the astounding 20% surge that Intelsat stock enjoyed after news broke that the satellite communications company had partnered up with Intel to petition the FCC to open up certain radiofrequency bands for "co-primary" use and satellite communications. Three weeks later, Intelsat stock has just experienced another 20% movement -- this time in the other direction.
Intelsat just beamed down a packet of earnings news for Q3. Image source: Getty Images.
Source: Fool.com
Intel Corp. Stock
€88.22
4.300%
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 25 Sell predictions.
However, we have a potential of -16.12% for Intel Corp. as the target price of 74 € is below the current price of 88.22 €.
