DALLAS, June 23, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a trade report featuring Sprint Nextel Corp. (NYSE:S). The report includes the company's most recent developments, financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Sprint Nextel (S) offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. It served more than 51 million customers at the end of first quarter 2011 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance WirelessSM; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone.
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In the report, the analyst notes:
"Shares of Sprint slipped $0.12 to close Wednesday's session at $5.12, down 2.29% from Tuesday's closing. Sprint shares dropped while traders speculated on an expanded partnership between the telecom giant and Clearwire Corp. Over 53 million shares have traded hands during the session, versus the 10-day average volume of 52.64 million."
"Shares of Sprint have been moving within a range of $3.70 – $6.45 over the past 52-weeks. The stock is currently trading below its 50-day moving average of $5.40 and below its 200-day moving average of $4.73. Market capitalization currently stands at $15.32 billion and it has 2.99 billion outstanding shares."
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