Why EchoStar Stock Is Falling to Earth Today
The Federal Communications Commission (FCC) intends to launch a probe into EchoStar's (NASDAQ: SATS) compliance with government requirements for how it uses spectrum, as rivals line up for access to the bandwidth.Investors are concerned, sending EchoStar shares down as much as 13% for the day and down 9% as of 11:30 a.m. ET.Image source: Getty Images.Continue reading
The Federal Communications Commission (FCC) intends to launch a probe into EchoStar's (NASDAQ: SATS) compliance with government requirements for how it uses spectrum, as rivals line up for access to the bandwidth.
Investors are concerned, sending EchoStar shares down as much as 13% for the day and down 9% as of 11:30 a.m. ET.
Image source: Getty Images.
