Sprint jumps again amid growing T-Mobile hopes

|About: Sprint Corporation (S)|By:, SA News Editor

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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