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NEW YORK ( TheStreet) -- Clearwire (Nasdaq: CLWR) hit a new 52-week low Monday as it is currently trading at $1.31, below its previous 52-week low of $1.32 with 7.2 million shares traded as of 1:20 p.m. ET. Average volume has been 6.9 million shares over the past 30 days. Clearwire has a market cap of $521.9 million and is part of the technology sector and telecommunications industry. Shares are down 60.2% year to date as of the close of trading on Friday. 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.