Sprint’s Stock Gets Crushed

Sprint's chief financial officer said it may raise additional capital for refinancing and won't provide an update on its fourth-quarter or full-year earnings, the stock was crushed. How bad? Try going down almost 18%. Sprint is the is the third largest wireless carrier in the U.S. but hasn't made a profit since 2006 and is losing subscribers. What's crazy though is the stock was up nearly 10% earlier today, so that's almost a 30% swing. It's gone from $3.39 a share to a low of $2.25. And Sprint's stock has whipsawed back and forth this whole week, shooting lower after

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Tagged bet the company, crushed, iphone, sprint