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Tuesday, October 11, 2011

Investment Firm Upgrades and Downgrades: (S)

Argus, the brokerage firm, has recently changed the rating on Sprint Nextel (S). They lowered the rating from Buy to Hold. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of S traded higher by 5.86% or $0.13/share to $2.35. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 72931000 shares of S exchange hands on a given day and today's volume is recorded at 116258880.