Monday, December 7, 2009

Sprint Nextel Getting Barron’s Bump (S)

Sprint Nextel Corporation (NYSE: S) is surging after we noted it as an unusual suspect this weekend based on Barron’s calling the stock undervalued by as much as 50% and a deal closure with iPCS separately.  Shares are up 4.8% at $3.87 on 1.9 million shares as of 8:51 AM EST.  Average volume is close to 60 million shares and the 52-week range is $1.57 to $5.94.


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