Hi there! The price skyrocketed, reaching the $7.6 per share, because in the today's news FCC Chairman Ajit Pai tells Bloomberg: "In light of the significant commitments made by T-Mobile and Sprint as well as the facts in the record to date, I believe that this transaction is in the public interest and intend to recommend to my colleagues that the FCC approve it.”
This deal could trigger a new global trend for the Sprint share price, so if the price will break through the strong resistance level at $8 - $9.2 per share, this will definitely the proof of new uptrend.