Two Technology Stocks Are Hot: Sprint Corporation (S), QUALCOMM Incorporated (QCOM)
Sprint Corporation (S) ended last trading session with a change of 2.42 percent. It trades at an average volume of 16.36M shares versus 7.99M shares recorded at the end of last trading session. The share price of $8.48 is at a distance of 171.79 percent from its 52-week low and down -12.12 percent versus its peak. The company has a market cap of $33.93B and currently has 4B shares outstanding. The share price is currently -4.19 percent versus its SMA20, -3.83 percent versus its SMA50, and 24.47 percent versus its SMA200. The stock has a weekly performance of -3.42 percent and is 0.71 percent year-to-date as of the recent close.
On March 9, 2017 as NBA basketball fans filled Smoothie King Center in New Orleans, Sprint Corporation (S), Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, and Motorola Mobility, a Lenovo company, debuted the first U.S. deployment of Gigabit Class LTE live on a commercial network with a forthcoming flagship premium tier smartphone.
The Gigabit Class LTE service utilizes three-channel carrier aggregation and 60 MHz of Sprint’s 2.5 GHz spectrum in combination with 4X4 MIMO (Multiple Input Multiple Output) and 256-QAM higher order modulation to achieve incredible Category 16 LTE download data speeds on a TDD network.
QUALCOMM Incorporated (QCOM) recently recorded -0.31 percent change and currently at $58.46 is 21.9 percent away from its 52-week low and down -16.97 percent versus its peak. It has a past 5-day performance of 3.56 percent and trades at an average volume of 12.55M shares. The stock has a 1-month performance of 11.59 percent and is -9.5 percent year-to-date as of the recent close. There were about 1.48B shares outstanding which made its market cap $86.4B. The share price is currently 3.67 percent versus its SMA20, 0.45 percent versus its SMA50, and -3.08 percent versus its SMA200.
On March 7, 2017 Qualcomm Incorporated (QCOM) announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on April 4, 2017, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.