Why Intelsat Stock Just Bounced 16%

Up 20% on Friday, down 40% on Monday -- if you're a momentum kind of investor, trading on volatility, you've got to love Intelsat (NYSE: I) stock, which is producing big opportunities to profit on both the up- and downsides daily. Today's gains look to be on the upside, with Intelsat stock bouncing up a good 16.3% as of 11 a.m. EST.

You can thank investment banker Raymond James for this.

Image source: Getty Images.

Continue reading

Source Fool.com