- 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.
- More on Sprint/T-Mobile
Sprint jumps again amid growing T-Mobile hopes
Dec 27 2013, 12:07 ET