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Wireless Communications Stocks Under Review -- Sprint, T-Mobile US, Globalstar, and SK TelecomNEW YORK, January 4, 2017 /PRNewswire/ -- The Wireless Communications segment operates and maintains switching and transmission facilities to provide direct communication through radio-based cellular networks. Industry services include cellular mobile phone services, paging services, wireless Internet access, and wireless video services. Pre-market, Stock-Callers.com recalls the performances of the following Wireless Communications stocks: Sprint Corp. (NYSE: S), T-Mobile US Inc. (NASDAQ: TMUS), Globalstar Inc. (NYSE MKT: GSAT), and SK Telecom Co. Ltd (NYSE: SKM). Learn more about these stocks by downloading their free research reports in PDF format at:http://stock-callers.com/registration
On Tuesday, shares in Overland Park, Kansas headquartered Sprint Corp. recorded a trading volume of 27.39 million shares, which was above their three months average volume of 19.53 million shares. The stock ended the day at $8.56, rising 1.66% from the last trading session. The Company's shares have advanced 7.81% in the last one month, 30.29% over the previous three months, and 1.66% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 13.02% and 53.88%, respectively. Furthermore, shares of Sprint, which through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the US, Puerto Rico, and the US Virgin Islands, have a Relative Strength Index (RSI) of 61.40. On December 28th, 2016, Sprint announced a commitment to create or bring back to America 5,000 jobs. The Company anticipates these jobs will support a variety of functions across the organization including its Customer Care and Sales teams. The Company stated that it expects to fulfill this commitment by the end of its FY17 and will provide additional details when they are available. Sign up and read the free research report on S at: http://stock-callers.com/registration/?symbol=S
Bellevue, Washington headquartered T-Mobile US Inc.'s stock climbed 1.41%, finishing yesterday's session at $58.32 with a total trading volume of 3.00 million shares. The Company's shares have gained 7.48% in the last month, 24.40% in the previous three months, and 1.41% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.21% and 26.82%, respectively. Additionally, shares of T-Mobile US, which together with its subsidiaries, provides mobile communications services for consumers and businesses in the US, Puerto Rico, and the US Virgin Islands, have an RSI of 65.91. On January 03rd, 2016, T-Mobile announced that it will disclose what's next for the Un-carrier and how the Company will continue to change wireless for good on January 05th, 2017 at 2:00 pm ET from CES in Las Vegas, Nevada. In addition, T-Mobile executives will provide an update on the business. The details will be released via LIVE webcast and newsroom.t-mobile.com. The complimentary research report on TMUS can be downloaded at:
Shares in Covington, Louisiana headquartered Globalstar Inc. ended Tuesday's session 12.03% higher at $1.77. The stock recorded a trading volume of 16.59 million shares, which was above its three months average volume of 5.65 million shares. The Company's shares have gained 129.87% in the last one month, 46.28% in the previous three months, and 12.03% on an YTD basis. The stock is trading 74.18% above its 50-day moving average and 29.76% above its 200-day moving average. Moreover, shares of Globalstar, which provides mobile voice and data communications services through satellite worldwide, have an RSI of 72.85. On December 23rd, 2016, Globalstar announced that the Federal Communications Commission adopted a Report and Order based on Globalstar's Revised Proposal for terrestrial authority over the Company's 11.5 MHz of licensed 2.4 GHz spectrum. Globalstar stated that these newly adopted rules will make more broadband spectrum available to, and improve wireless broadband service for, consumers in the US. Register for free on Stock-Callers.com and access the latest report on GSAT at: http://stock-callers.com/registration/?symbol=GSAT
At the close, Seoul, South Korea headquartered SK Telecom Co. Ltd's stock dropped 1.24%, finishing at $20.64. A total volume of 1.12 million shares was traded, which was higher than their three months average volume of 583,050 shares. The Company's shares are trading 2.48% below their 200-day moving average. Additionally, shares of SK Telecom, which provides wireless telecommunications services in South Korea, have an RSI of 35.22. On December 20th, 2016, Coriant, a global supplier of SDN-enabled end-to-end packet optical networking and DCI solutions, announced that SK Telecom, Korea's largest telecommunications company, has selected a Coriant submarine solution to extend 100G connectivity to Ulleungdo Island. The Coriant solution, based on the industry-leading Coriant® hiT 7300 Multi-Haul Transport Platform and Coriant® Transport Network Management System, will enable SK Telecom to enhance delivery of mobile broadband services on Ulleungdo Island, which lies off the east coast of Korea. Get free access to your research report on SKM at: http://stock-callers.com/registration/?symbol=SKM -- Stock Callers: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. SC has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
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