By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trading on Tuesday, 11th February. Please refresh for updates.
- 8:45 ET: Sprint (NYSE: S ) stock leaped 73% after a New York district judge threw out a suit from several state attorneys-general trying to block its merger with T-Mobile.
- T-Mobile US (NASDAQ: TMUS ) stock jumped around 8%, as the ruling clears a way to unite the country’s number 3 and 4 wireless carriers, a merger that should help them to win more customers of AT&T (NYSE: T ) and Verizon (NYSE: VZ ) and defend themselves against new entrants.
- Under Armour (NYSE: UA ) stock fell 13.2% to its lowest in over two months after the sports gear company warned it faces restructuring charges of up to $425 million in the current fiscal year. Around $200 million of those could be down to the suspension of its plans for a flagship store in New York.
- Hasbro (NASDAQ: HAS ) stock rose 6.5% after the company reported a better-than-expected holiday quarter, bolstered by sales of ‘Frozen II’ and “Star Wars” merchandise.
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