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Sprint (S) in Focus: Stock Moves 6.8% Higher
Sprint Corporation (S - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $7.61–$8.43 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came on the back of a report that the two wireless carriers namely T-Mobile and Sprint are “in active talks” regarding a merger.
The company has seen seven negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Sprint Corporation Price
Sprint Corporation Price | Sprint Corporation Quote
Sprint currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Computer and Technology sector is I.D. Systems, Inc. , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is S going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>