Leap Wireless (LEAP) Volatility Up on Wide Range; Rumored to Be in Talks with AT&T (T)

Leap Wireless (Nasdaq: LEAP) is showing increased volatility Friday following reports it was in talks with AT&T (NYSE: T) for a potential merger. Shares have moved from $5.63 to $6.14 on the session, a range of 5 percent to 14.6 percent above Thursday's close at $5.36.

Implied volatility is up 6.4 percent from the close yesterday and up 130 percent over its historical average.

Leap is currently up 9 percent.

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