Why EchoStar Stock Is Soaring Higher Today
From Yahoo Finance: 2025-06-16 10:52:00
President Trump intervened in the dispute between EchoStar and the FCC, potentially avoiding a bankruptcy filing. Investors reacted positively, with shares rising 40%. The company is building a cellular network under Boost Mobile but faces FCC displeasure over spectrum deployment speed. Trump urged a resolution to prevent bankruptcy, offering hope for shareholders. However, risks remain, including selling spectrum licenses that could disadvantage Boost. Investors should consider the uncertainty before buying EchoStar stock. The Motley Fool’s top 10 stock picks excluded EchoStar, emphasizing the need for caution in investing decisions.
Read more at Yahoo Finance: Why EchoStar Stock Is Soaring Higher Today