Leap Wireless International Stock Falls On Unusually High Volume (LEAP)

NEW YORK ( TheStreet) -- Leap Wireless International (Nasdaq: LEAP) is trading at unusually high volume Tuesday with 7.1 million shares changing hands. It is currently at four times its average daily volume and trading down $2.59 (-19.9%) at $10.41 as of 3:41 p.m. ET.

Leap Wireless International has a market cap of $1.1 billion and is part of the technology sector and telecommunications industry. Shares are up 6% year to date as of the close of trading on Monday.

Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the 'Cricket' brand name in the United States. The company offers unlimited local and the U.S.

TheStreet Ratings rates Leap Wireless International as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full Leap Wireless International Ratings Report.

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