Market Overview

Sprint Gets A Boost Amid Comcast Talks

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Sprint Corp (NYSE: S) shares are trading higher by 44 cents (5.5 percent) at $8.45 in Tuesday's session.

At this time, it appears the company has sidelined any potential merger discussions with T-Mobile (NASDAQ: TMUS) and is now in talks with Comcast Corporation (NASDAQ: CMCSA).

After a higher open, Sprint's stock retreated only a few pennies to $8.13 before continuing its move higher. At this time, the ensuing rally has found some intraday resistance ahead of its June 9 high ($8.57) as $8.50 stands as the high for the session as of 10:45 a.m. EST.

 

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