NEW YORK (TheStreet) -- Shares of Sprint (S) are down -16.35% to $6.09 in pre-market trade after the company decided yesterday to end its pursuit of T-Mobile US (TMUS - Get Report) in the face of stiff opposition from regulators and replace CEO Dan Hesse with Marcelo Claure, a billionaire entrepreneur who is untested as a wireless operator, the Wall Street Journal reports.
Why Sprint (S) Stock Is Down Today
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