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EchoStar Stock Retains 190% Gain Through December Despite $16B Impairment – SatNews
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EchoStar Stock Retains 190% Gain Through December Despite $16B Impairment – SatNews
ENGLEWOOD, Colo. — EchoStar Corporation (NASDAQ: SATS) has maintained a market-beating rally through early December, with shares up approximately 190.2% year-to-date as of Dec. 9, driven by an aggressive spectrum liquidation strategy that has overshadowed deep operational losses. A financial snapshot released Dec. 11 highlights the divergence between the company’s struggling legacy operations and its lucrative asset portfolio. The company’s valu…
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