Clearwire Stock Falls On Unusually High Volume (CLWR)

NEW YORK ( TheStreet) -- Clearwire Corporation (Nasdaq: CLWR) is trading at unusually high volume Thursday with 23.1 million shares changing hands. It is currently at 4.3 times its average daily volume and trading down 72 cents (-26.2%) at $2.04 as of 3:41 p.m. ET.

Clearwire has a market cap of $706.6 million and is part of the technology sector and telecommunications industry. Shares are down 46.2% year to date as of the close of trading on Wednesday.

Clearwire Corporation provides wireless broadband services. The company builds and operates mobile broadband networks that provide high-speed mobile Internet and residential access services, as well as residential voice services in communities in the United States.

TheStreet Ratings rates Clearwire as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally weak debt management and generally disappointing historical performance in the stock itself. You can view the full Clearwire Ratings Report.

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