This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Clearwire, Sprint, Sirius: Tech Premarket

NEW YORK ( TheStreet) -- Clearwire (CLWR) was once again the big mover in premarket trading, reversing Monday's gains by tumbling 17.1% to $2.23 early Tuesday.

Shares of the Bellevue, Wash.-based company closed up 15.95% on Monday after key partner Sprint Nextel (S) announced its merger with Japanese telecom giant Softbank. The merger prompted speculation that Sprint, Clearwire's largest shareholder, will acquire the 4G specialist.

On Monday, however, Bloomberg, citing sources with direct knowledge of the situation, reported that Sprint has no immediate plans to take over Clearwire.

Clearwire was also the most active premarket Nasdaq stock on share volume of 5,167,913.

Sprint shares rose 0.35% to $5.71 before market open.

Sirius XM (SIRI - Get Report) was another active premarket Nasdaq stock, rising 0.71% to $2.82 on volume of 246,395.

Apple (AAPL - Get Report) shares rose 0.26% to $636.40 on share volume of 95,070

IBM (IBM - Get Report), which reports its third-quarter results after market close on Tuesday, crept up 0.19% to $209.33 in premarket trading.

Intel (INTC - Get Report), which also reports its third-quarter results on Tuesday, gained 0.6% to reach $21.86. The No. 1 chipmaker lowered its third-quarter revenue outlook last month, citing the the effects of a tough economic environment.

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.97 -0.69%
INTC $29.82 -0.10%
IBM $146.40 1.50%
SIRI $3.92 0.90%
S $3.50 0.72%


Chart of I:DJI
DOW 17,721.53 +70.27 0.40%
S&P 500 2,058.63 +7.51 0.37%
NASDAQ 4,738.0360 +12.3970 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs