Large Outflow of Money Witnessed in EchoStar Corporation

EchoStar Corporation (SATS) surged 8.68% during the last session. The last traded price was up 4.42 points at $55.35. The data for the fund flow suggests that the net intraday money flow was $(-1.28) million. The fund value in upticks was recorded to be $4.1 million and in downticks, it was found to be $5.37 million. The up/down ratio for the day was measured to be 0.76. For the week, the shares have seen a percentage change of 5.11%.A block trade of $(-1.92) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $1.92 million. The block tradeoff had the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of EchoStar Corporation rose by 3.63% in the last five trading days and 7.14% for the last 4 weeks. EchoStar Corporation is up 17.8% in the last 3-month period. Year-to-Date the stock performance stands at 7.14%. EchoStar Corporation (NASDAQ:SATS) rose 8.11% or 4.13 points on Wednesday and made its way into the gainers of the day. After trading began at $52.24 the stock was seen hitting $55.6734 as a peak level and $52.24 as the lowest level. The stock ended up at $55.06. The daily volume was measured at 733,172 shares. The 52-week high of the share price is $55.6734 and the 52-week low is $32.1301. The company has a market cap of $5,181 million.

Company has reported several Insider transactions to the SEC, on Nov 21, 2016, Kranti Kilaru (EVP, Bus Systems, IT & Ops) sold 69,202 shares at 50.01 per share price.On Nov 15, 2016, David Rayner (EVP, CFO, COO & Treasurer) sold 5,000 shares at 50.01 per share price.On Sep 2, 2016, Kenneth G Carroll (EVP of Corp & Bus Development) sold 5,000 shares at 38.60 per share price.

Echostar Corporation Last issued its quarterly earnings results on Nov 8, 2016. The company reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.34. The company had revenue of $742.40 million for the quarter, compared to analysts expectations of $735.61 million. The companys revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

ECHOSTAR CORP is a publicly traded company. They intend to operate two primary businesses, a digital set-top box business and a fixed satellite services business. Their set-top box business designs, develops and distributes set-top boxes and related products for direct-to-home satellite service providers.


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