The Chairman of Dish Network is Exercising Options

By Carrie Williams

Today it was reported that the Chairman of Dish Network (DISHResearch Report), Charles Ergen, exercised options to buy 50,660,000 DISH shares at $0.36 a share, for a total transaction value of $18.41M.

Following Charles Ergen’s last DISH Buy transaction on June 04, 2018, the stock climbed by 6.0%.

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DISH’s market cap is $16.38B and the company has a P/E ratio of 11.90. Currently, Dish Network has an average volume of 791.4K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $38.33, reflecting a 10.1% upside.

Charles Ergen’s trades have generated a 10.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Wireless segments. The Pay-TV segment is offered under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets.