DISH - Why Dish Network Shares Were Cut in Half During the First 6 Months of 2023
2023-07-09 20:56:55 ET
It's been a good year so far for the overall market, but not so much for Dish Network (NASDAQ: DISH) shareholders. The satellite TV provider's stock fell 53.1% in the first half of 2023, according to S&P Global Market Intelligence , extending a downtrend that's been in place since late 2021. The culprit is continued cord-cutting, which seems to be reaccelerating.
Dish Network shares have been sinking since 2015's peak, reaching yet another 52-week low just last month.
For the better part of the pandemic, it looked like shares were making a major bottom, with the cable TV industry finally getting a handle on cancellations stemming from the advent of streaming alternatives.
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Why Dish Network Shares Were Cut in Half During the First 6 Months of 2023