How Will Sprint (S) Stock React to Cheaper Pricing Plans Reports?

NEW YORK (TheStreet) -- Sprint  (S) will announce "very disruptive" cheaper pricing plans this week as part of new CEO Marcelo Claure's strategy for the company, according to USA Today.

Claure said on a company-wide conference call last Thursday that his three priorities are to reduce prices, improve the network and reduce operational costs, according to telecommunications industry website "We're going to change our plans to make sure they are simple and attractive and make sure every customer in America thinks twice about signing up to a competitor," Claure said. He added the company would announce the "very disruptive" plans this week.

The Wall Street Journal reported Friday that Claure intends to release the new plans, which could include cheaper prices, larger wireless data allotments or both. The Journal said the company finished testing those plans last Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The stock was down 1.41% to $5.61 at 1:01 p.m. on Monday. More than 19 million shares had changed hands, slightly greater than the average volume of 18,075,200.

S Chart S data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

If you liked this article you might like

A Sprint/T-Mobile Deal Still Faces Big Hurdles, Especially for Sprint

How Long Can This Rally Run?: Cramer's 'Mad Money' Recap (Monday 9/19/17)

Pret A Manger Takeover in the Works; Cisco's M&A Shackles Come Off - ICYMI

Wall Street Overlooks Trump's North Korea Threats to Hit New Records

Cramer: Under Trump, These Are Probably Done Deals