Intelsat (NYSE:I) shares traded lower as traders circulated chatter the company cancelled out of an upcoming conference.
An Intelsat spokesperson confirmed to Benzinga the group will no longer attend a Cowen conference as well as the Credit Suisse 21st Annual Communications Conference scheduled for June 4-5, citing "an unexpected schedule conflict that precludes [the] ability to attend."
Intelsat's stock traded down about 1.2 percent to $19.59 per share at time of publication.
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