Nextel Trades Near Low, Down 11.6%

Author:
Publish date:

Nextel

(NXTL)

was down 11.6% and trading near its 52-week low of $41.31 in early afternoon as wireless providers took a hit.

AT&T's

wireless group

(AWE)

was down 6.6%, and

Vodaphone

(VOD) - Get Report

was down 8%. Both stocks hit new lows today. Nextel's slide came despite positive comments and a buy rating from

W.R. Hambrecht

, which set a target of $100.