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Why EchoStar Stock Keeps Falling

TheMotleyFool

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After falling more than 12% Friday, shares of satellite communications company EchoStar (NASDAQ: SATS) slipped another 3% through 10:30 a.m. ET Monday.

That's disappointing, because EchoStar's latest news is actually good: As The Fly reports today, the company has awarded Maxar Space Systems a contract to build EchoStar's next geostationary communications satellite, EchoStar XXVI, to "deliver robust coverage to DISH TV customers across all 50 U.S. states, including Puerto Rico."

Image source: Getty Images.

Source Fool.com