But there's good news for long-suffering Sprint investors: Its shares hovered around the $10 level Friday for the first time since January 2014. Sprint's stock surged 6% and moved back into double digit territory after T-Mobile (TMUS) announced late Thursday that the two companies had tweaked the terms of their merger deal.
Full Answer
Why did sprint stock skyrocket in February?
Shares of Sprint ( NYSE:S) jumped 110.3% in February, according to data from S&P Global Market Intelligence. The mobile wireless stock skyrocketed after a federal court ruled against an antitrust challenge seeking to block the company's proposed merger with T-Mobile ( NASDAQ:TMUS).
Why did Sprint’s share price double in February?
The telecom company's share price more than doubled thanks to a favorable court ruling. Keith Noonan covers technology, entertainment, and other fields. Shares of Sprint ( NYSE:S) jumped 110.3% in February, according to data from S&P Global Market Intelligence.
What is sprint stock worth after TMUs stock fell?
For example, on May 21, S stock was worth $7.73. But after TMUS stock fell by more than 3% last week to $73.44, Sprint stock is worth 0.10256 x $73.44, or $7.53 a share. The government could impose tougher conditions before allowing the deal to go through.
What type of company is sprint?
Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers.
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What is the stock price for Sprint?
$25.55Compare with Other StocksStocksPriceMarket CapSprint Corp.$25.555.09B
What happens to Sprint stock after merger?
A1 According to the merger agreement between Sprint and T-Mobile, your outstanding Sprint stock awards will convert to T-Mobile stock awards after the close of merger.
Is Sprint on the stock market?
Sprint stock is currently trading at $6.71 after trading up to its yearly high of $8.06 per share on July 26, 2019. The company reported 2019 fiscal first quarter earnings on August 2, 2019.
What is the new Sprint stock symbol?
Sprint Corp (S_old)
Is it good to buy stock before a merger?
Stock prices of potential target companies tend to rise well before a merger or acquisition has officially been announced. Even a whispered rumor of a merger can trigger volatility that can be profitable for investors, who often buy stocks based on the expectation of a takeover.
What happens if you own stock in a company that gets bought out?
If the buyout is an all-cash deal, shares of your stock will disappear from your portfolio at some point following the deal's official closing date and be replaced by the cash value of the shares specified in the buyout. If it is an all-stock deal, the shares will be replaced by shares of the company doing the buying.
Who owns Sprint now?
T‑Mobile USSoftBank GroupSprint Corporation/Parent organizations
Does T-Mobile stock pay a dividend?
T-Mobile US does not have any plans to pay a dividend on its common stock at this time.
Is Sprint owned by T-Mobile?
Now that Sprint is part of T-Mobile, our network is bigger and better than ever. We'll continue to enhance our 5G network and together, we'll build the best network around.
Why is T-Mobile stock so low?
TMUS stock tumbled in August 2021 after a major customer data breach that impacted over 54 million customer accounts.
What happened Sprint?
In April 2020, Sprint and T-Mobile announced that they will be merging networks. Over the last two years, T-Mobile has been working on transitioning all Sprint customers to its network. You can find the most up-to-date information about the merge on the T-Mobile support site.
Does Sprint still exist?
The Sprint brand was officially discontinued on August 2, 2020. Billing was already showing the T-Mobile brand, and on this date all retail, customer service, and all other company branding switched to the T-Mobile brand.
What happens to a SPAC stock price after merger?
What happens to SPAC stock after the merger? After a merger is completed, shares of common stock automatically convert to the new business. Other options investors have are to: Exercise their warrants.
What happens to my stock in a merger?
When the deal is closed, existing shareholders will receive cash in return for their stock (i.e., their shares will be sold to the acquiring company). If a public company takes over a private firm, the acquirer's share price may fall a bit to reflect the cost of the deal.
What happens to my shares in a takeover?
Cash or Stock Mergers In a cash exchange, the controlling company will buy the shares at the proposed price, and the shares will disappear from the owner's portfolio, replaced with the corresponding amount of cash.
What happens to CCIV stock after merger?
Now that work is finally done as the two companies have completed the merger. As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.
Should I buy or sell Sprint stock right now?
14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sprint in the last year. There are currently 2 hold ratings and...
What is Sprint's stock price forecast for 2022?
14 brokerages have issued 1 year price objectives for Sprint's stock. Their forecasts range from $57.00 to $82.00. On average, they predict Sprint'...
How were Sprint's earnings last quarter?
Sprint (NYSE:SPRINT) issued its earnings results on Tuesday, September, 7th. The cell phone carrier reported ($0.57) earnings per share (EPS) for t...
Who are Sprint's key executives?
Sprint's management team includes the following people: Mr. Raul Marcelo Claure , Exec. Chairman (Age 49) Mr. Michel Combes , Pres, CEO & Direc...
Who are some of Sprint's key competitors?
Some companies that are related to Sprint include Crown Castle International (CCI) , SBA Communications (SBAC) , BlackBerry (BB) , United State...
What is Sprint's stock symbol?
Sprint trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPRINT."
How much money does Sprint make?
Sprint (NYSE:SPRINT) has a market capitalization of $0.00 and generates $93.06 million in revenue each year.
How many employees does Sprint have?
Sprint employs 850 workers across the globe.
What is Sprint's official website?
The official website for Sprint is www.sprint.com .
1 Sprint Corporation (S) Stock Returns - Year-wise
Other than short-term investors, not many will sell a stock within a year. However, looking at annual returns helps one visualize the periodic performance of a stock. Below is a table showing the yearly returns of Sprint Corporation (S) stock. Following the table, you will see a bar graph. Each bar represents the return for a particular year.
2 S Vs NYSE Composite (NYA) Returns On Investment
Many investors are increasingly moving towards ETFs and similar products that track broad indices like NYSE Composite. The primary reason is the limitation of risk due to a wide basket of securities. This section (graph and table) compares the annual returns of Sprint Corporation (S) with that of the NYSE Composite (NYA).
3 Sprint Corporation (S) Returns Year (2022) Against 3 Similar Stocks
Now let us compare the recent (2022) returns of Sprint Corporation (S) against 3 similar stocks.
4 Top 10 Highest Monthly Returns Of S Stock
Now its time to dig into the best and the worst performances in the past several years. This section displays 10 highest monthly returns enjoyed by Sprint Corporation (S) Stock over the years. If you want to look at best performing months and weeks for the current year, visit the S's 52-week report.
5 Top 10 Lowest Monthly Returns Of Sprint Corporation (S)
Now let us check the lowest performances with respect to monthly returns of Sprint Corporation (S) stock. Here you go. Below given are the 10 lowest monthly returns of S stock.
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Sprint (NYSE:SPRINT) Price Target and Consensus Rating
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy).
Analyst Price Target Consensus
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Analyst Ratings By Month
The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Average Share Price and Price Target by Month
The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target.
Sprint (NYSE:SPRINT) Analyst Ratings Frequently Asked Questions
According to the issued ratings of 14 analysts in the last year, the consensus rating for Sprint stock is Buy based on the current 2 hold ratings and 12 buy ratings for SPRINT. The average twelve-month price target for Sprint is $72.43 with a high price target of $82.00 and a low price target of $57.00. Learn more on SPRINT's analyst rating history
What happened
Shares of Sprint ( NYSE:S) jumped 110.3% in February, according to data from S&P Global Market Intelligence. The mobile wireless stock skyrocketed after a federal court ruled against an antitrust challenge seeking to block the company's proposed merger with T-Mobile ( NASDAQ:TMUS).
So what
Judge Marrero held that the merger wasn't likely to dramatically reduce competition or result in increased prices for American consumers. New York attorney general Letitia James headed up the antitrust challenge but will not be appealing the decision.
Now what
Selloffs for the broader market due to concerns about the SARS-CoV-2 novel coronavirus and disruption in the oil markets are weighing on Sprint in March's trading. The telecom's shares are down roughly 11% in the month's trading so far, and T-Mobile's shares are down roughly 12% as well.
More Competition on the Way
Many national and regional cable companies, including Dish Networks Corporation (NASDAQ: DISH ), are planning to offer wireless services. And to meet the FCC requirements to get the deal done, Sprint will sell Boost Mobile. Amazon (NASDAQ: AMZN) is rumored to be considering buying Boost, although this sounds unlikely.
Two Dominant Players with a Third on the Way
AT&T Inc. (NYSE: T) and Verizon Communications (NYSE: VZ) fell 4% and 4.36%, respectively, on May 30 when rumors circulated that Amazon would enter the wireless market. Investors could assume the e-commerce juggernaut will not enter the market and that the two telecom firms will continue to dominate the industry.
