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Sprint Is Again The Most Shorted NYSE Stock
Thursday, October 27, 2016 - 3:49pm | 324Sprint is once again the most shorted stock traded on the New York Stock Exchange. Its share price popped 6 percent in the most recent settlement period. Short sellers bailed on the former king of the hill in early October. In the most recent short interest settlement period, Sprint...
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Sprint May Not Sell BlackBerry's Latest Release
Monday, April 11, 2016 - 2:50pm | 313Shares of BlackBerry Ltd (NASDAQ: BBRY) were relatively unchanged on Monday despite reports that Sprint Corp (NYSE: S) may not sell its recently announced BlackBerry Priv device. According to a Tweet from a Sprint representative, the company will not be carrying the BlackBerry Priv. The Tweet came...
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Sprint's $2.2 Billion Sale & Lease-Back Sent Shares Higher By Nearly 3%
Thursday, April 7, 2016 - 7:48am | 282Shares of Sprint Corp (NYSE: S) spiked higher by nearly 3 percent in Wednesday's after-hours session as investors and traders found the company's sale and lease-back announcement to be encouraging. Sprint announced it has entered into a transaction with several bankruptcy remote...
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Sprint Shares Retrace Monday's Losses Following Strong Earnings, Outlook
Tuesday, January 26, 2016 - 9:16am | 279Shares of Sprint Corp (NYSE: S) were trading higher by more than 15 percent early Tuesday morning at $2.90 following the release of the company's third quarter results and encouraging outlook. Shares briefly traded above the $3.00 mark on Monday before heavy selling in the afternoon session...
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High Hopes For Facebook, Disney Earnings This Week
Sunday, November 1, 2015 - 9:00pm | 938It will be a busy week again on the earnings front, with many blue chip companies reporting. Results from Facebook and Disney are among the most highly anticipated and forecast to be strong. Expectations are lower for Sprint, Tesla and Visa, perhaps offering them wiggle room to surprise...
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Telecom High-Yield Bonds Saw Huge Selloff In September, Surpassing Energy, Metals And Mining
Wednesday, October 7, 2015 - 1:30pm | 574September was a terrible month for high-yield bonds in general, which produced their lowest return since June of 2013. The biggest losers among major high-yield industries are no longer energy or metal and mining bonds, but telecom bonds. The high-yield market expects a 5.6 percent default rate in...
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What To Know About Verizon's Dish Spectrum Connection
Sunday, September 20, 2015 - 11:47am | 441In a report rolled out Friday, Wunderlich analyst Matthew Harrigan looks into DISH Network Corp (NASDAQ: DISH) after Thursday’s 4.6 percent rally. The firm maintains a Sell rating and $48.00 price target on the stock. Shares of Dish are falling on Friday trading. According to a recent...
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Will The New 'All-in' Plan Give Sprint The Edge It Needs?
Tuesday, June 30, 2015 - 11:57am | 454On Tuesday, Sprint Corp (NYSE: S) launched its new all-inclusive, or “All-in,” plan, which offers consumers unlimited mobile phone services for a base cost of $60 per month. The 3rd-largest U.S. mobile services provider after AT&T Inc. (NYSE: T) and Verizon Communications...
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Why You Should Dump Verizon If Dish, T-Mobile Merger Goes Through
Thursday, June 4, 2015 - 4:02pm | 400The Wall Street Journal recently reported that DISH Network Corp (NASDAQ: DISH) is in talks with T-Mobile US Inc (NYSE: TMUS) for a possible merger, following which shares of both the companies opened strong on Thursday and were trading higher. Kevin Smithen, Macquarie Capital analyst, was on...
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T-Mobile CEO Says There's 'Huge Headroom To Grow Competitively'
Wednesday, April 29, 2015 - 1:59pm | 352T-Mobile US Inc (NYSE: TMUS) reported first-quarter results on Tuesday, which were slightly better than analysts' estimates. While analysts were expecting an EPS loss of $0.10 on sales of $7.7 billion, T-Mobile declared EPS loss of $0.09 on sales of $7.8 billion. John Legere, T-Mobile USA CEO...
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What Will Google's Wireless Service Look Like?
Wednesday, April 22, 2015 - 8:10am | 344The Wall Street Journal reported that Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is likely to unveil its latest product offering later Wednesday — its own mobile phone service. The company has been discussing the possibility of rolling out a wireless service since the Mobile World...
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American Express, General Electric And Other Stocks Insiders Have Been Buying
Sunday, March 1, 2015 - 11:56am | 872Even with markets reaching for record highs, insider buying has remained strong of late. American Express, General Electric and Sprint were among those that have seen significant insider buys in the past week or so. Insiders may sell shares for any number of reasons, but conventional wisdom...
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RadioShack-Sprint Deal Sends Mixed Messages, Could Confuse Customers
Tuesday, February 10, 2015 - 3:48pm | 550Sprint Corp (NYSE: S) plans to pick up as many as 2,000 RadioShack stores in the United States. The deal will not mean the end of RadioShack (OTC: RSHC); rather, the ailing retailer will live on by co-branding its stores with the wireless carrier. This deal is very different from the one...
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Earnings Expectations For The Week Of February 2: Disney, Exxon, GM And More
Sunday, February 1, 2015 - 2:38pm | 1020It is clear that the mixed earnings results seen so far have contributed to the volatility in the markets throughout January. While many of the market movers have already shared their most recent quarterly results, there are plenty more on tap as February gets started. Among the most...
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Google's Plan To Sell Wireless Data Plans 'Directly' To Consumers
Thursday, January 22, 2015 - 2:17pm | 353Google Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) is preparing to sell its own wireless voice and data plans “directly” to consumers, three people familiar with the plans reportedly told The Information. Google is expected to reach an agreement to buy wholesale access from Sprint and T-...