Intelsat Stock Just Crashed and Burned

Easy come, easy go. That may soon become the motto of investors in Intelsat (NYSE: I) stock.

Just a few weeks ago I was on these pages writing about the astounding 20% surge that Intelsat stock enjoyed after news broke that the satellite communications company had partnered up with Intel to petition the FCC to open up certain radiofrequency bands for "co-primary" use and satellite communications. Three weeks later, Intelsat stock has just experienced another 20% movement -- this time in the other direction.

Intelsat just beamed down a packet of earnings news for Q3. Image source: Getty Images.

Source: Fool.com