Sprint Corporation (S) has risen sharply, recording gains of 28.36% in the past 4 weeks. However, the stock has corrected -2.63% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 27.87% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Sprint Corporation is up 65.18% in the last 3-month period. Year-to-Date the stock performance stands at 63.81%. The stock has recorded a 20-day Moving Average of 1.36% and the 50-Day Moving Average is 18.42%.
Sprint Corporation (NYSE:S): The stock opened at $6.01 on Friday but the bulls could not build on the opening and the stock topped out at $6.04 for the day. The stock traded down to $5.85 during the day, due to lack of any buying support eventually closed down at $5.93 with a loss of -1.50% for the day. The stock had closed at $6.02 on the previous day. The total traded volume was 14,132,235 shares.
Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Sprint Corporation (NYSE:S). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at Morgan Stanley raises the price target from $3 per share to $4.4 per share. The rating by the firm was issued on July 28, 2016.
Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.