Sprint Joins the Monday's Volume Leaders (S, C, BAC)
Submitted by WSN_Staff on Mon, 11/16/2009 - 13:07.
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Sprint Nextel Corp. (NYSE:S) shares are on fire today up 11% and have already passed its daily volume of 58 million shares. Sprint joins Citigroup (NYSE:C) and Bank of America (NYSE:BAC) this morning as the No. 3 most heavily traded stock on the NYSE.
| Current Price | Target Price | % Change |
| $ 3.46 | $ 6.00 | 73.4% |
Sprint is having a glorious Monday thanks to an upgrade from Credit Suisse boosting Sprint (S) shares to Outperform from Neutral with a $6 price target. Even with Sprint's 11% gain today with shares trading at $3.47, Credit Suisse believes Sprint could still run up another 74% in the next 12 months.
Citigroup (C) shares are up 4% today at $4.20 and Bank of America (BAC) is holding steady at $16. Citi is feeling the love after reports that hedge fund manager Paulson & Co. bought 300 million Citi shares in the third quarter.
BofA and Citi are being good banks today by cutting overdraft fees -- Bank of America (NYSE:BAC) and Citibank (NYSE:C) Checking Account Fees Reveal...
Enjoy the bullish trading day.
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