March 21, 2011 by staff
Some providers of mobile wireless services increased after William Power, ananlyst with Robert W. Baird & Co., them, named as likely targets for Sprint Nextel Corp. and Verizon Communications Inc., after the approval of AT & T Inc. to buy T-Mobile USA. MetroPCS Communications Inc. (PCS U.S.) Rose 5.5 percent to 15.75 and the highest intraday price since June 2009. Leap Wireless International Inc. (LEAP U.S.) jumped 13 percent to $ 13.69. U.S. Cellular Corp. (USM U.S.) rose 5 percent to $ 48.53.
Apple Inc. (AAPL U.S.) rose 2.2 percent to 337.78, and most intraday since March 17. The manufacturer and to IPAD iPod can provide the basis for subscribers T-Mobile offers the iPhone if AT & T Inc. to buy T-Mobile USA is approved, Bank of America Corp. said in a note.
Autodesk Inc. (ADSK U.S.) rose 3.9 percent to 40.94 and, after earlier rising as much as 5.2 percent, the highest intraday since February 25. The maker of software used in bridge design and special effects in film has come to “outperform” from “neutral” by Steven Ashley, ananlyst with Robert W. Baird & Co.
Crown Castle International Corp. (CCI U.S.) fell 4.4 percent to 37.43 and, after rising as much as 7.1 percent, the most since March 2009. The operator of wireless infrastructure has been cut to “outperform” from “strong” by Raymond James & Associates.
Evercore Partners Inc. (EVR U.S.) rose 9.4 percent to 33.27 and after having jumped 11 percent, the highest intraday since April 2009. The investment bank founded by former Deputy Treasury Secretary Roger Altman has advised AT & T Inc. in its $ 39 billion agreement to acquire T-Mobile USA and OptionsXpress Holdings Inc. in its $ 1 billion sale to Charles Schwab Corp.
Globalstar Inc. (GSAT U.S.) rose 30 percent to 1.37 after rising as much as 37 percent, the highest intraday since June 2009. The provider of telecommunications services by satellite has been authorized by the Federal Communications Commission to operate, he second-generation satellites in the U.S.
Motorola Mobility Holdings Inc. (MMI U.S.) fell 3.6 percent to 25.32 and to delete part of a gain of 12 percent over the last three days. AT & T agreed to buy T-Mobile may have “mixed” implications for the Libertyville, Illinois-based mobile phone maker, said Stephen Patel, ananlyst at Gleacher & Co., which cited “some reduction in power over prices in the long term. ”
OptionsXpress Holdings Inc. (OXPS U.S.) jumped 16 percent to 17.72, and most intraday since October 2008. Charles Schwab Corp. (SCHW U.S.) has agreed to purchase the stock of Chicago and brokerage options for about a billion and, or and 17.91 per share.
Qualcomm Inc. (QCOM U.S.) rose 4.5 percent to 54.02 and gain the fourth largest in the Standard & Poor’s 500. The world’s largest producer of mobile phone chips has been raised to “buy” from “neutral” at Sterne Agee & Leach Inc.
Sprint Nextel Corp. (S U.S.) fell 13 percent to 4.41 and the largest drop in the S & P 500. AT & T Inc. (T U.S.) agreed to buy T-Mobile USA, Deutsche Telekom AG for about 39 billion, dwarf the efforts of Sprint to acquire the company. AT & T $ rose 3.1 percent to $ 28.81.
American Tower Corp. (AMT U.S.) fell 7.5 percent, the highest since April 2009, to $ 46.83. The U.S. operator of mobile phone towers has been reduced to “outperform” from “strong buy” at Raymond James & Associates. SBA Communications Corps. (SBAC U.S.) Fell 8.1 percent to $ 37.33.
Tiffany & Co. (TIF U.S.) rose the most in the Standard & Poor’s 500 Index climbing 6.8 percent to $ 61.18. The second largest retailer in the world of luxury jewelry has recorded a gain of 29 per cent of its earnings in the fourth quarter, sales exceededanlysts’ estimates during the holiday season.
XENOPORT Inc. (XNPT U.S.) fell 10 percent to 5.99 and, after jumping 13 percent, the highest intraday since July 7. The Santa Clara, California-based company experimental treatment with acid-reflux failed to demonstrate significant benefit in a study.
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