What Happened?

Shares of satellite communications company EchoStar (NASDAQGS:SATS) jumped 48.2% in the afternoon session after reports revealed that President Donald Trump wants the company to resolve its dispute with the Federal Communications Commission (FCC) over its spectrum licenses. This development is important for EchoStar, as it grapples with financial difficulties. Contributing to its troubles is the FCC's investigation into whether the company has been fulfilling its spectrum usage obligations.

The shares closed the day at $25.12, up 49.1% from previous close.

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What The Market Is Telling Us

EchoStar’s shares are extremely volatile and have had 33 moves greater than 5% over the last year. But moves this big are rare even for EchoStar and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 3 days ago when the stock dropped 5.9% on the news that the major indices pulled back (Nasdaq -1.3%, S&P 500 -1.1%) as Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East.

This development sent crude oil prices surging, as investors feared potential disruptions to global oil supply and a wider regional conflict.

EchoStar is up 9.9% since the beginning of the year, but at $25.01 per share, it is still trading 19.9% below its 52-week high of $31.23 from February 2025. Investors who bought $1,000 worth of EchoStar’s shares 5 years ago would now be looking at an investment worth $802.13.

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