Dish Network’s year-to-date stock decline
On June 24, 2016, Dish Network’s (DISH) stock closed at $50.59. It has fallen by 12% year-to-date.
In contrast, Netflix (NFLX) has seen its year-to-date stock price fall by 24.2%. Comcast (CMCSA) has seen its stock price rise by 8.7% while Charter Communications (CHTR) has seen its stock price fall by 4.7% year-to-date.
On the other hand, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, has seen a price decline of only 1.4% in its year-to-date performance.
In this series…
In this series, we’ll look at the factors that could impact Dish Network’s stock price. This includes the company’s wireless spectrum strategy and the factors that could impact its OTT (over-the-top) service, Sling TV.
We will also look at how Dish views its competitors in the media industry and whether the Charter–TWC merger could impact Dish’s Sling TV service. But first, let’s see how Wall Street analysts are viewing Dish Network.
Dish makes up 0.2% of the PowerShares QQQ Trust Series 1 ETF (QQQ). QQQ comprises 5.1% of the television and radio sector.