Unusual Activity in MetroPCS Communications (PCS)

| January 30, 2013 | 0 Comments More

MetroPCS (PCS) is up 18 cents to $9.93 and a 20,000-lot of Mar 12 calls is bought on the stock for 11 cents per contract. It looks opening and tied to 300K shares at $9.85. PCS agreed to merge with T-Mobile in October. However, according to a Jan 24 Bloomberg story, PCS saw its biggest one day gain in three months Tuesday of last week and noted that the company’s Chief Executive believed the stock was undervalued. The company had previously held deal discussions with at least 8 companies – LINK to Story.

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Category: All Stocks, Mid Cap Stocks, Mobile Telecommunications

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.