Dish Network stock (NASDAQ: DISH) dropped 14% in the last one month to $28 currently. The decline was in line with the sell-off in the technology and cable industry over recent weeks. But will the company’s stock continue its downward trajectory over the coming weeks, or is a recovery in the stock imminent?
According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price data for the last 20 years, returns for Dish Network stock average 1.5% in the next one-month (21 trading days) period after experiencing a 14% drop over the previous month (21 trading days). Notably, though, the stock is very likely to outperform the S&P500 over the