Director Abernathy liquidates entire 16.8K share position in SATS for $1.4M at $82.35 average
Kathleen Q Abernathy, a Director at EchoStar CORP, executed 3 separate sales totaling 16,754 shares for $1,379,726.98 at a blended average price of $82.35, reducing her holdings from 16,754 shares to 0 shares—a complete divestiture of her position. The sales occurred near the 52-week high of $83.57, with the current price now at $77.04 (-7.8% from that high), and the stock has appreciated 357.5% over 90 days despite the company reporting negative net income of $-306,844,000.00 over its latest full fiscal year and revenue declining 7.0% year-over-year. The complete liquidation of a director's holdings warrants investor attention, particularly given the unprofitable operating environment and recent aggressive stock price appreciation that may have created a favorable exit window.