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Intelsat shares plummet

December 13, 2016

By Chris Forrester

Back on November 29th, Intelsat shares were rocketing having jumped 10.3 per cent in value the previous day to $4.17.

Sadly (for investors) the past two weeks have seen a reverse in shareholder value. December 12th saw another set-back with Intelsat’s share price tumbling 8.43 per cent in a single trading session, and closing at $3.04.

As a result Intelsat’s market capitalisation has crashed from $452 million to just $358.11 million.

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