NEW YORK ( TheStreet) - Sprint Nextel ( S) was the best performer in the S&P 500 intraday Friday. The S&P 500 rose 6.46 points, or 0.47%, to 1,372.37 in trading Friday morning.
Shares of Sprint Nextel rose 8.27% to $2.82. Wells Fargo analysts said in a report Thursday they see Sprint boosting subscribers. "Our checks show that Sprint's CDMA segment continues to gain customers from both AT&T and TMobile," Wells Fargo analysts wrote in a report Thursday. "We believe Sprint's marketing and overall messaging has capitalized well on AT&T's moves to increase pricing.' Twenty-three of the 34 analysts who cover Sprint Nextel rated it hold. Eight analysts gave the stock a buy rating and three rated it sell. TheStreet Ratings gives Sprint Nextel a D grade and sell rating. The stock has risen 20.3% year to date. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: firstname.lastname@example.org. >To follow the writer on Twitter, go to Alexandra Zendrian.