Shares of Sprint Corporation (S) Rally 6.84%

Sprint Corporation (S) : Traders are bullish on Sprint Corporation (S) as it has outperformed the S&P 500 by a wide margin of 29.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.84% in the last 1 week, and is up 34.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 13.46% and the 50-Day Moving Average is 26.99%.

Sprint Corporation (NYSE:S): The stock opened at $5.05 on Friday but the bulls could not build on the opening and the stock topped out at $5.05 for the day. The stock traded down to $4.93 during the day, due to lack of any buying support eventually closed down at $5.00 with a loss of -0.20% for the day. The stock had closed at $5.01 on the previous day. The total traded volume was 12,298,468 shares.


The company Insiders own 0.23% of Sprint Corporation shares according to the proxy statements. Institutional Investors own 14.44% of Sprint Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -21.61%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President & Controller) of Sprint Corp, Schieber Paul W Jr had sold 19,229 shares worth of $71,532 in a transaction dated March 2, 2016. In this transaction, 19,229 shares were sold at $3.72 per share.

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

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