In the last year, multiple insiders have substantially increased their holdings of DISH Network Corporation...
(Bloomberg) -- Dish Network Corp. slumped to a two-year low, reflecting investor disappointment over the outlook for the company’s 5G wireless network and plans to transition from a satellite TV provider to a mobile broadband competitor.Most Read from BloombergDon’t Bother Paying Off Student Loan Debt Right Now, Advisers SayNike Escalates StockX Feud, Says Site Is Selling Fake ShoesTerraUSD Stablecoin Plunges as Crypto Market Awaits RescueTech Leads Stock Slide in Wild Session After CPI: Markets
Shares of cable television name Dish Network (NASDAQ: DISH) are down 12% as of 12:26 p.m. ET Friday, according to data from S&P Global Market Intelligence, following the release of the company's first-quarter revenue and earnings figures that both fell short of estimates. Analysts knew Dish Network was facing a brisk headwind. Dish Network shed another 462,000 paying customers during the quarter in question, with roughly the same number of people canceling cable that canceled access to their virtual, streaming cable alternative Sling TV.