There’s no shortage of interesting charts or data out there. But this morning, our scan of the best-performing stocks in the S&P 500 brought up DISH Network Corporation. And once we pulled up its long-term chart, we realized we’d been teleported back over a decade. 🕰️
The American television provider and owner of direct-broadcast satellite provider Dish is trading back at its 2008 lows. The mid-cap ($4.6 billion) stock has seen better days, falling roughly 90% from its all-time highs in 2015. 📡
Analysts say weakness in its core business and legal troubles over its recent cybersecurity incident are reasons to be cautious. Additionally, it faces a class-action lawsuit from shareholders claiming it made false and misleading statements about its operational efficiency and IT infrastructure.
Where $DISH shares head from here is anyone’s guess. Nonetheless, it’s popping up on some people’s radars now that’s it back to the same levels it fell to during the financial crisis. 🤷
