Why Intelsat Stock Dropped 23% Today
Shares of satellite communications company Intelsat (NYSE: I), which got walloped last year for a 67% loss, are taking it on the chin again Wednesday. Down 24.2% as of 10:40 a.m. EST, Intelsat is currently the worst-performing stock on the NYSE, literally.
You can thank the United States Senate for that.
Image source: Getty Images.
Source Fool.com
