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Why EchoStar Stock Is Falling to Earth Today

TheMotleyFool

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Why EchoStar Stock Is Falling to Earth Today: https://g.foolcdn.com/editorial/images/818160/gettyimages-466727938.jpg

The Federal Communications Commission (FCC) intends to launch a probe into '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.

Source Fool.com