Sprint jumps again amid growing T-Mobile hopes

Following today's big gains, Sprint (S +8.2%) is up 32% since the WSJ reported on Dec. 13 the carrier and parent SoftBank are weighing a 2014 bid for T-Mobile USA.

Short-covering could be contributing to Sprint's gains: 12.5% of the carrier's float was shorted as of Dec. 13.

Shares got a lift yesterday from a Wells Fargo note highlighting the value of Sprint's spectrum, and noting the potential of a T-Mobile deal to product major cost synergies.

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Comments (2)
  • Chris DeMuth Jr.
    , contributor
    Comments (11101) | Send Message
    This is one of the situations that we are refocusing on going into the year end: http://seekingalpha.co...
    27 Dec 2013, 12:19 PM Reply Like
  • Siwanoy
    , contributor
    Comments (717) | Send Message
    Better late than never. Son does not let grass grow under his feet. If not this, something else around the corner.
    27 Dec 2013, 01:18 PM Reply Like
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