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Sprint (S) Catches Eye: Stock Jumps 7.8%

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Sprint Corporation (S - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 6.4% in the past one-month time frame.

The move came after the company reported better-than-expected fiscal second-quarter 2018 results.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Sprint. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Sprint currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Another stock worth considering in the Wireless National industry is ATN International, Inc. (ATNI - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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