Why EchoStar Stock Was Topping the Market on Tuesday

EchoStar (NASDAQ: SATS) stock was bouncing higher on the second trading day of the week, thanks in no small part to speculation that a giant peer might be snapping up some of its wireless spectrum. Near market close, EchoStar's shares were rising by almost 4% at a time when the S&P 500 index was floating 0.3% higher.According to a report published by Bloomberg after market close Monday and updated Tuesday morning, EchoStar is currently in discussions to divest some of its wireless telephony spectrum to Verizon Communications. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool