Why EchoStar Has Blasted 48% Higher This Week

Since last Friday, shares of the satellite television and wireless operator EchoStar (SATS 2.01%) had blasted nearly 48% higher as of Thursday, a day in which the market is closed due to the observance of Juneteenth. The stock rocketed higher after media outlets reported that President Trump has encouraged the company and the U.S. Federal Communications Commission (FCC) to make a deal and end their dispute.A complex regulatory battleEchoStar owns several satellite, phone, and television companies, including ...