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.
Sprint was up 1.52% to $5.99 at 10:18 a.m.
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.