Why Intelsat Stock Just Dropped 11.5%
With most of its assets orbiting miles above Earth, safe in the sterile void of space, you might expect a company like Intelsat (NYSE: I) to be more or less safe and immune to catching the COVID-19 coronavirus. And yes, Intelsat should be safe from the effects of this disease.
Unfortunately, Intelsat is not safe from the FCC. The stock's 11.5% decline through 1 p.m. EST proves it.
Image source: Getty Images.
Source Fool.com