4 Radar Stocks: AT&T Drops $39 Billion Bid, Bank of America Hanging Near $5 and Cablevision Climbs Higher
Shares of AT&T (NYSE:T) are edging .50 percent in late trading after announcing it is ending its $39 billion bid to buy T-Mobile USA. The company faced heavy government objections regarding the deal. Cell phone service provider Sprint (NYSE:S) is surging 6 percent after the news, while Verizon (NYSE:VZ) is flat.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is edging .25 percent higher after the closing bell. The home retailer received a Buy rating from Collins Stewart. Competitor Big Lots (NYSE:BIG) also received a Buy rating from Collins Stewart.
In extended trading, shares of Bank of America (NYSE:BAC) managed to climb back above $5 per share. On Monday, shares fell to their lowest level since March 2009. Other banks such as Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are also trading higher.
After closing 1.96 percent higher, shares of Cablevision Systems Corp. (NYSE:CVC) continue to head .31 percent hour in late trading. On Monday, Citigroup (NYSE:C) added the company to its top picks list.
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