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home / news releases / I - Why Intelsat Stock Just Dropped 8.5%

I - Why Intelsat Stock Just Dropped 8.5%

Intelsat S.A.

Intelsat (NYSE: I) stock took a tumble today -- falling as much as 8.4% by 2:35 p.m. EST -- but I wouldn't go panicking just yet.

The only news that appears likely to have moved the stock was...pretty much a nonevent. Early this morning, at 6:59 a.m., before markets opened for trading, TheFly.com reported that someone had executed a "block trade" of 10 million shares of Intelsat at a $24.60 price.

Image source: Getty Images.

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Stock Information
Company Name: Intelsat S.A.
Stock Symbol: I
Market: NYSE
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