NEW YORK (TheStreet) -- Comcast (CMCSA) - Get Report jumped Monday after Universal Picture's Straight Outta Compton movie was the No. 1 box office success over the weekend after its release. Sprint (S) - Get Report surged by double digits, after unveiling its iPhone upgrade plan.
Comcast rose 2.6% to close at $60.41.
The cable company owns NBCUniversal, which counts Universal Pictures as one of its businesses. Over the weekend, Straight Outta Compton took in $60.2 million in box office receipts yet only cost a reported $30 million to produce.
The biographical movie about the N.W.A hip-hop group was the ninth movie out of 10 to capture a profit, based on the movies that Universal released this year to date.
Sprint surged 10% to finish the day at $4.60.
The carrier got a boost after unveiling its iPhone Forever promotion, in which customers can receive the most current Apple (AAPL) - Get Report 16GB iPhone 6 for $22 per month and then upgrade to the next model once it becomes available.
Customers who jump over to Sprint from another carrier or who are existing Sprint customers eligible for an upgrade can receive the iPhone promotion for $15 per month through the rest of the year and until they do their first upgrade in 2016.
Under the program, customers will be required to turn in their old iPhone to Sprint to participate in the program, according to a MarketWatchreport.
The move by Sprint comes just as rival Verizon Communications (VZ) - Get Report announced last week it was doing away with offering discounted phones for customers who sign two-year contracts, as well as the concept of signing long-term contracts, according to a CNET report. Telecom users are increasingly preferring paying for their own device and seeking out lower monthly service plans.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.