Sprint Falls to Levels Below Book Value

By MarketNewsVideo.com,

Shutterstock photo

In trading on Wednesday, shares of Sprint Corp (Symbol: S) crossed below their last reported book value - defined as common shareholder equity per share - of $6.50, changing hands as low as $5.83 per share. Sprint Corp shares are currently trading down about 19.7% on the day. The chart below shows the one year performance of S shares, versus its 50 and 200 day moving averages: Sprint Corp Moving Averages Chart

Looking at the chart above, S's low point in its 52 week range is $5.83 per share, with $11.47 as the 52 week high point - that compares with a last trade of $5.85.

According to the ETF Finder at ETF Channel, S makes up 3.27% of the iShares U.S. Telecommunications ETF (Symbol: IYZ) which is trading lower by about 2% on the day Wednesday.

Click here to find out which 9 other stocks recently crossed below their book value »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Investing Ideas
Referenced Stocks: S , IYZ

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