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Why Sprint (S) Stock Is Up Today

Stocks in this article: S

NEW YORK (TheStreet) -- Sprint (S) was gaining 2% to $5.65 Wednesday after announcing new "Data Boost Plans" for prepaid Boost Mobile customers.

The new Boost Mobile plans start at $35 a month with 1GB of 3G and 4G data a month. The carrier also offers $45 and $55 a month plans which offer 5GB and 10GB of 3G and 4G data, respectively. The new plans offer twice as much data as Boost Mobile's previous Monthly Unlimited Select Plans, and cost $5 less a month for each tier.

Sprint also announced that it will carry Samsung's (SSNLF) new Galaxy Note 4 and Galaxy Note Edge smartphones when they become available. The carrier did not announce availability or pricing for the new phones.

Must Read: 50 Stocks Hedge Funds Love

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S Chart S data by YCharts

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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.

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