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 $7,021,500 were sold by Ray Neville R on Mar 13. At $140.43 per share, Ray Neville R sold 50,000 shares. The insider’s holdings dropped to 300,642 shares worth approximately $42.54 million following the completion of this transaction.
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Also, Field Callie R sold 2,287 shares, netting a total of over 324,640 in proceeds. Following the sale of shares at $141.95 each, the insider now holds 93,916 shares.
Before that, Bazzano Dara had sold 2,212 shares from its account. In a trade valued at $317,665, the SVP & Chief Accounting Officer traded T-Mobile US Inc. shares for $143.61 each. Upon closing the transaction, the insider’s holdings decreased to 2,212 shares, worth approximately $1.39 million.
As published in a research note from MoffettNathanson on February 06, 2023, T-Mobile US Inc. [TMUS] has been rated down from an Outperform to a Market perform and the price target has been revised to $174. This represents a 18.67% premium over Thursday’s closing price. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early January. As of July 28, 2022, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for TMUS. Earlier on June 02, 2022, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for TMUS stock.
Analyzing TMUS Stock Performance
On Thursday, T-Mobile US Inc. [NASDAQ: TMUS] plunged -2.01% to $141.51. The stock’s lowest price that day was $141.15, but it reached a high of $143.575 in the same session. During the last five days, there has been a surge of approximately 0.30%. Over the course of the year, T-Mobile US Inc. shares have jumped approximately 1.08%. Shares of the company reached a 52-week high of $152.15 on 02/01/23 and a 52-week low of $136.26 on 01/03/23. A 50-day SMA is recorded $145.24, while a 200-day SMA reached $141.80. Nevertheless, trading volume fell to 8.24 million shares from 7.8 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 140.58, which, if violated, would cause prices to drop to 139.65. In the upper region, resistance lies at 143.01. The next price resistance is at 144.50. RSI (Relative Strength Index) is 44.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 64.14%, indicating low price movement. Stochastics %K at holding 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 Jan 12, 2023 dropping by -0.66 million shares to 17.29 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 17.95 million shares. A decline of -3.82% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.05 of the overall float, the days-to-cover ratio (short ratio) decline to 3.05.
Which companies own the most shares of T-Mobile US Inc. (TMUS)?
According to The Vanguard Group, Inc. filings, the company currently owns 46,771,359 shares, which is about 3.84% of the total TMUS shares outstanding. The investor’s shares have appreciated by 394,002 from its previous 13-F filing of 46377357.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $4,251,563,042. SSgA Funds Management, Inc. reduced a -0.62% interest valued at $3.4 billion while T. Rowe Price Associates, Inc. purchased a 1,800,938 stake. A total of -3,346,417 shares of T-Mobile US Inc. were bought by Norges Bank Investment Management during the quarter, and 271,379 were bought by Fidelity Management & Research Co. In its current portfolio, Geode Capital Management LLC holds 12,106,454 shares valued at $1.72 billion.
In terms of T-Mobile US Inc. share price expectations, FactSet research, analysts set an average price target of $177.64 in the next 12 months, up nearly 21.17% from the previous closing price of $144.42. Analysts anticipate T-Mobile US Inc. stock to reach $225.00 by 2023, 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 2023. On March 23, 2022, KeyBanc Capital Markets assigned a price target of “an Overweight” to the stock and upgraded coverage with a $155.