NEW YORK ( TheStreet) -- Shares of Sprint Nextel (NYSE: S) were gapping down Monday morning with an open price 12.2% lower than Friday's closing price. The stock closed at $2.71 Friday and opened today's trading at $2.38. The average volume for Sprint Nextel has been 66.6 million shares per day over the past 30 days. Sprint Nextel has a market cap of $8.6 billion and is part of the technology sector and telecommunications industry. Shares are down 28.8% year to date as of the close of trading on Friday. Sprint Nextel Corporation, through its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. TheStreet Ratings rates Sprint Nextel as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and deteriorating net income. You can view the full Sprint Nextel Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.