Sprint plunged Wednesday after news broke that the company had ended merger talks with the fourth-largest U.S. wireless carrier, and French wireless company Iliad reportedly resumed its talks to acquire 56.6% of T-Mobile for approximately $15 billion.
Sprint also named Marcelo Claure as its new CEO to replace Dan Hesse. The 43-year-old Claure founded mobile-phone distributor Brightstar.
Must Read: Warren Buffett's 25 Favorite Stocks
Sprint was up 1.52% to $5.99 at 10:18 a.m.S data by YCharts