Echostar stock sinks amid bankruptcy considerations
Investing.com -- EchoStar Corporation (NASDAQ:SATS) shares tumbled, trading down 8% after a Wall Street Journal report indicated the company is contemplating a Chapter 11 bankruptcy filing due to regulatory pressures. The satellite-and-wireless firm, co-founded by Charlie Ergen, experienced a dramatic decline in extended hours trading, initially dropping as much as 39% before paring losses.