Why EchoStar Skyrocketed This Week

Shares of EchoStar (SATS +0.00%) have rallied a whopping 92.9% this week as of 10:48 a.m. ET Friday, according to data from S&P Global Market Intelligence.The threat of bankruptcy loomed over EchoStar earlier this year when the company skipped interest payments as the government called into question its right to use wireless spectrum it had purchased years earlier.But this week, a compromise solution emerged, as EchoStar was able to sell its spectrum to a third party rather than having it seized, while also ...