Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why EchoStar Stock Is Soaring Higher Today

TheMotleyFool

0 0

Why EchoStar Stock Is Soaring Higher Today: https://g.foolcdn.com/editorial/images/821881/gettyimages-466727938.jpg

President Donald Trump has reportedly intervened in a dispute between EchoStar (NASDAQ: SATS) and the Federal Communications Commission (FCC), urging the two sides to come together and work out a deal. Absent a resolution, EchoStar was said to be considering a bankruptcy filing.

Investors are understandably excited by the latest development, sending EchoStar shares up 40% as of 10 a.m. ET.

Image source: Getty Images.

Source Fool.com