A satellite model is placed on Eutelsat logo in this picture illustration taken April 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
MILAN (Reuters) -Shares in Franco-British satellite operator Eutelsat rose on Thursday, bringing gains over four days to near 650% in a rally that bears the hallmarks of retail traders amplifying moves on a highly shorted stock.
Suggestions the company could replace Elon Musk's Starlink in providing internet access to war-torn Ukraine have fuelled a turnaround in sentiment this week for a stock that had been languishing at record lows.
