EchoStar Dips as SpaceX IPO Makes SATS a Hotter Risk Bet
EchoStar Corporation shares on Nasdaq tumbled 11.0% Friday to close at $114.08, after swinging between $106.56 and $131.22 on volume of about 50.2 million, the company’s investor-relations page showed. The selloff stood out as SpaceX grabbed attention with its first day on the market; Reuters said SpaceX jumped 19% to finish at $160.95, and the main indexes all ended positive.