Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. T-Mobile US Inc. shares valued at $260,882 were sold by Bazzano Dara on Nov 01. At $153.46 per share, Bazzano Dara sold 1,700 shares. The insider’s holdings dropped to 9,551 shares worth approximately $1.42 million following the completion of this transaction.
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Also, Datar Srikant M. sold 1,000 shares, netting a total of over 150,764 in proceeds. Following the sale of shares at $150.76 each, the insider now holds 3,980 shares.
Before that, Osvaldik Peter had sold 20,000 shares from its account. In a trade valued at $3,000,000, the EVP & CFO traded T-Mobile US Inc. shares for $150.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $10.58 million.
As published in a research note from Scotiabank on July 28, 2022, T-Mobile US Inc. [TMUS] has been rated up from a Sector perform to a Sector outperform and the price target has been revised to $167 from $153. This represents a 11.28% premium over Thursday’s closing price. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in early June. As of March 23, 2022, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for TMUS. Earlier on December 23, 2021, Daiwa Securities initiated its rating. Their recommendation was “a Neutral” for TMUS stock.
Analyzing TMUS Stock Performance
On Thursday, T-Mobile US Inc. [NASDAQ: TMUS] plunged -1.23% to $148.17. The stock’s lowest price that day was $148.04, but it reached a high of $150.28 in the same session. During the last five days, there has been a surge of approximately 5.36%. Over the course of the year, T-Mobile US Inc. shares have jumped approximately 27.75%. Shares of the company reached a 52-week high of $154.38 on 11/02/22 and a 52-week low of $101.51 on 01/21/22. A 50-day SMA is recorded $140.26, while a 200-day SMA reached $132.49. Nevertheless, trading volume fell to 4.94 million shares from 6.34 million shares the previous day.
Support And Resistance Levels for T-Mobile US Inc. (TMUS)
According to the 24-hour chart, there is a support level at 147.38, which, if violated, would cause prices to drop to 146.59. In the upper region, resistance lies at 149.62. The next price resistance is at 151.07. RSI (Relative Strength Index) is 63.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.82, which suggests the price will increase in the coming days. Percent R is at 29.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is T-Mobile US Inc. subject to short interest?
Stocks of T-Mobile US Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.48 million shares to 14.97 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 16.45 million shares. A decline of -9.89% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.42 of the overall float, the days-to-cover ratio (short ratio) decline to 3.42.
Which companies own the most shares of T-Mobile US Inc. (TMUS)?
According to The Vanguard Group, Inc. filings, the company currently owns 45,436,848 shares, which is about 3.62% of the total TMUS shares outstanding. The investor’s shares have appreciated by 688,527 from its previous 13-F filing of 44748321.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $3,708,698,159. SSgA Funds Management, Inc. reduced a -4.33% interest valued at $3.18 billion while Norges Bank Investment Management purchased a 7,347,980 stake. A total of 2,690,231 shares of T-Mobile US Inc. were bought by T. Rowe Price Associates, Inc. during the quarter, and 197,598 were bought by Fidelity Management & Research Co. In its current portfolio, Dodge & Cox holds 16,703,308 shares valued at $2.24 billion.
In terms of T-Mobile US Inc. share price expectations, FactSet research, analysts set an average price target of $177.29 in the next 12 months, up nearly 16.65% from the previous closing price of $150.02. Analysts anticipate T-Mobile US Inc. stock to reach $222.00 by 2022, with the lowest price target being $148.00. In spite of this, 31 analysts ranked T-Mobile US Inc. stock as a Buy at the end of 2022. On November 03, 2021, Raymond James assigned a price target of “a Strong buy” to the stock and upgraded coverage with a $158.