Echostar Stock Surges 8.5% to Top Volume Ranks on $23B AT&T Spectrum Deal

Echostar (SATS) surged 8.50% on August 29, 2025, with a trading volume of $740 million, a 60.24% increase from the previous day. The stock’s performance was driven by a $23 billion spectrum sale to AT&T, which eliminates its debt and regulatory risks. This transaction transforms EchoStar into a hybrid mobile network operator under Boost Mobile, leveraging AT&T’s infrastructure while retaining access to T-Mobile’s network. The deal resolves longstanding underutilization issues that had threatened its FCC-licensed spectrum and provides a strategic pivot toward 5G infrastructure growth.

The stock’s intraday range of $56.26 to $60.67 highlights renewed investor confidence, supported by aggressive options trading activity. Over 20 contracts traded with implied volatilities exceeding 70%, reflecting speculative positioning. Technical indicators suggest a short-term overbought condition, with the RSI at 91.89 and Bollinger Bands showing the price far above the upper band. However, the company’s derisked balance sheet and alignment with 5G infrastructure trends justify a bullish outlook, particularly if the $60.67 52-week high holds as a breakout level.

Backtest results for Echostar’s stock performance indicate a strategy based on intraday surges exceeding 5% from the open, with positions closed after five trading days. Using split-adjusted data from January 2020 to August 2025, the test evaluates cumulative returns and risk metrics. Key parameters include no stop-loss or take-profit rules, and results are available for review in the interactive module. Investors should consider these historical patterns alongside current fundamentals to assess potential outcomes.