Small Player Sprint Means Big Gains for Investors

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RingPlus News Service Los Angeles, April 6th, 2017 - Sprint has stunned Wall Street with its ability to pull in more than 30% in the last half year, creating a nightmare for short sellers, but presenting a golden opportunity for the firm’s CEO, Marcelo Claure. Currently, Sprint stock is valued at $8.38 per share, up from $6.48 on October 7th, 2016. A deal between the major telecom and Claure made the CEO eligible to pocket 10 million shares of company stock should the price surge about $8. Sprint’s stock reached that goal late November 2016 before dipping below the required mark, then surging past $8 and remaining above water to date.

Short sellers have invested heavily in Sprint’s stocks on the expectation of the stock’s potential to increase in value rapidly in the upcoming months. Sprint’s small size is one of its greatest traits; the company has more room for growth. Potential mergers that would add value to Sprint and boost the carrier’s ability to invest in infrastructure could push sprint’s stock even higher.

 

 

 

Sources:

https://www.thestreet.com/story/14073581/1/how-sprint-sirius-xm-and-interactive-brokers-could-blast-higher-in-april.html

https://finance.yahoo.com/quote/S?ltr=1

http://www.fiercewireless.com/wireless/sprint-extends-claure-s-contract-until-2019-will-give-him-10m-shares-if-he-gets-stock-to-8

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