Sprint Corporation (S - Free Report) was a big mover last session, as the company saw its shares rise 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.38 to $5.66 in the past one-month time frame.
The upside was driven by rumors of a potential buyout of the company.
The company has seen a mixed track record when it comes to estimate revisions of three increases and five decreases over the past month, while the Zacks Consensus Estimate has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sprint currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Investors interested in the Wireless National industry may consider AT&T Inc. (T - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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