Why Iridium Stock Trounced the Market on Thursday
Key Points Satellite stocks were hot among investors on Thursday, and one beneficiary of this was telecom services specialist Iridium Communications (NASDAQ: IRDM). Following a widely read media report about a peer company potentially being acquired, Iridium’s share price zoomed more than 15% higher. That crushed the essentially flat performance of the S&P 500 index. ...












