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EchoStar joins S&P 500 amid heavy short selling and major spectrum deals with AT&T and SpaceX.

Market News
25 Mar 2026
24/7 Wall Street
View Source
Bullish
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EchoStar was added to the S&P 500 in March 2026, despite 21.5% of its shares being sold short, creating a rare situation where passive funds must buy while many bet against it. The stock has surged over 312% in the past year, driven by two major spectrum deals: AT&T's $22.65 billion purchase and SpaceX's $20 billion plus equity stake acquisition. These deals have shifted the outlook positively, with analysts raising price targets. However, risks remain as the AT&T deal awaits regulatory approval and insider selling suggests caution. The stock's future hinges on the successful closing of these deals, which could trigger a short squeeze.

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