) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day up 0.9%. By the end of trading, Clearwire fell 2 cents (-2.1%) to $1.15 on light volume. Throughout the day, 5.9 million shares of Clearwire exchanged hands as compared to its average daily volume of 13.8 million shares. The stock ranged in price between $1.14-$1.18 after having opened the day at $1.14 as compared to the previous trading day's close of $1.18. Other company's within the Telecommunications industry that declined today were:
), down 9.7%,
), down 6.5%,
), down 6.3%, and
), down 6.2%.
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Clearwire Corporation, through its subsidiaries, provides fourth generation wireless broadband services in the United States. The company builds and operates mobile broadband networks that offer high-speed mobile Internet and residential Internet access services. Clearwire has a market cap of $571.3 million and is part of the
sector. Shares are down 39.4% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Clearwire a buy, one analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates Clearwire as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself and generally weak debt management.
- You can view the full Clearwire Ratings Report.
On the positive front,
), up 13.4%,
), up 9.4%,
), up 9.3%, and
), up 8.3%, were all gainers within the telecommunications industry with
) being today's featured telecommunications industry winner.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
) while those bearish on the telecommunications industry could consider
- Find other investment ideas from our top rated ETFs lists.