Sprint Corp (S): Today's Featured Telecommunications Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Sprint (S) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Sprint fell $0.23 (-3.5%) to $6.25 on heavy volume. Throughout the day, 64,371,071 shares of Sprint exchanged hands as compared to its average daily volume of 17,048,000 shares. The stock ranged in price between $6.20-$6.48 after having opened the day at $6.46 as compared to the previous trading day's close of $6.48. Other companies within the Telecommunications industry that declined today were: Deltathree (DDDC), down 23.8%, Inteliquent (IQNT), down 12.5%, InfoSonics Corporation (IFON), down 8.8% and Voltari (VLTC), down 5.2%.
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