UPDATE: Clearwire (CLWR) Sends Shorts Packing; Rips Above Key Level on Chatter
Tweet
Share
E-mailGet Alerts CLWR Hot Sheet
Join SI Premium – FREE
(Updated - October 11, 2012 1:31 PM EDT)
Clearwire Corp. (NASDAQ: CLWR) resumed trading. Shares are up about 56 percent on the session.
UPDATE - Shares ripped above the $2 level, a point it hasn't been comfortably above since last April. Given that about 19 percent of float was short, that may have been a key level for many.
Large holder Sprint (NYSE: S) is in talks with Softbank over a possible M&A deal. In the deal, Sprint would need to acquire more of Clearwire assets, according to reports out Thursday.
Clearwire Corp. (NASDAQ: CLWR) resumed trading. Shares are up about 56 percent on the session.
UPDATE - Shares ripped above the $2 level, a point it hasn't been comfortably above since last April. Given that about 19 percent of float was short, that may have been a key level for many.
Large holder Sprint (NYSE: S) is in talks with Softbank over a possible M&A deal. In the deal, Sprint would need to acquire more of Clearwire assets, according to reports out Thursday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NVIDIA (NVDA) closes 10% down, wipes off over $210B in market value
- Recent IPO Top Wealth Group (TWG) trading 90% higher
- Can Siemens rival Schneider for Bentley Systems?
Create E-mail Alert Related Categories
Technicals, Trader Talk, Trading HaltsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
