On this episode of Stock Movers:
- EchoStar (SATS) is higher as the company engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc. The talks involve EchoStar’s AWS-3 licenses, which the company put a carrying value of $9.8 billion on, according to a regulatory filing.
- Spotify (SPOT) shares are moving on news Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström. Ek will continue to provide support and guidance, and said he is "not leaving" but will remain involved in big decisions about the company's future.
- Coty (COTY) is moving on news it has begun a strategic review of its consumer beauty brands to rework its portfolio of mass-market cosmetics labels while refocusing on fragrances.

On this episode of Stock Movers: - EchoStar (SATS) is higher as the company engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc. The talks involve EchoStar&rsquo;s AWS-3 licenses, which the company put a carrying value of $9.8 billion on, according to a regulatory filing. - Spotify (SPOT) shares are moving on news Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav S&ouml;derstr&ouml;m and Alex Norstr&ouml;m. Ek will continue to provide support and guidance, and said he is "not leaving" but will remain involved in big decisions about the company's future. - Coty (COTY) is moving on news it has begun a strategic review of its consumer beauty brands to rework its portfolio of mass-market cosmetics labels while refocusing on fragrances.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

EchoStar Jumps; Spotify Leadership Change; Coty Strategy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a9ad5281-d9bf-4144-8952-b36800df40cd/transcript

Advertisement