Shares of Sprint Nextel (NYSE:S) were gapping up Thursday morning with an open price 16.9% higher than Wednesday's closing price. The stock closed at $5.04 yesterday and opened today's trading at $5.89.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Shares of Sprint Nextel (NYSE: S) were gapping up Thursday morning with an open price 16.9% higher than Wednesday's closing price. The stock closed at $5.04 Wednesday and opened today's trading at $5.89.
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The average volume for Sprint Nextel has been 71.5 million shares per day over the past 30 days. Sprint Nextel has a market cap of $14.85 billion and is part of the technology sector and telecommunications industry. Shares are up 115.4% year to date as of the close of trading on Wednesday. Sprint Nextel Corporation, together with 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 United States Virgin Islands. TheStreet Ratings rates Sprint Nextel as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk. You can view the full Sprint Nextel Ratings Report. Get more investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.