Leap Wireless (LEAP +3.5%) jumps to $6.44 after catching an upgrade to Outperform from Wells...

|By:, SA News Editor

Leap Wireless (LEAP +3.5%) jumps to $6.44 after catching an upgrade to Outperform from Wells Fargo, which now thinks the company is worth $10-$15/share. Worth to a potential suitor, that is: Leap has been bought and sold based on its M&A prospects for months. 42.4% of the float was shorted as of Jan. 31.