In a filing, T-Mobile US Inc revealed its Director DEUTSCHE TELEKOM AG unloaded Company’s shares for reported $30.85 million on Apr 04 ’24. In the deal valued at $162.67 per share,189,670 shares were sold. As a result of this transaction, DEUTSCHE TELEKOM AG now holds 681,047,126 shares worth roughly $109.58 billion.
Then, DEUTSCHE TELEKOM AG sold 189,670 shares, generating $30,820,215 in total proceeds. Upon selling the shares at $162.49, the Director now owns 681,236,796 shares.
Before that, DEUTSCHE TELEKOM AG sold 189,670 shares. T-Mobile US Inc shares valued at $30,674,636 were divested by the Director at a price of $161.73 per share. As a result of the transaction, DEUTSCHE TELEKOM AG now holds 681,426,466 shares, worth roughly $109.64 billion.
Wolfe Research upgraded its T-Mobile US Inc [TMUS] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including MoffettNathanson’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Market perform”. Wolfe Research also remained covering TMUS and has decreased its forecast on January 03, 2023 with a “Peer perform” recommendation from previously “an Outperform” rating. Scotiabank revised its rating on July 28, 2022. It rated TMUS as “a Sector outperform” which previously was an “a Sector perform”.
Price Performance Review of TMUS
On Monday, T-Mobile US Inc [NASDAQ:TMUS] saw its stock fall -0.13% to $160.90. Over the last five days, the stock has lost -1.09%. T-Mobile US Inc shares have risen nearly 0.36% since the year began. Nevertheless, the stocks have risen 7.90% over the past one year. While a 52-week high of $168.64 was reached on 03/07/24, a 52-week low of $124.92 was recorded on 03/22/24. SMA at 50 days reached $162.52, while 200 days put it at $149.50. A total of 4.01 million shares were traded, compared to the trading of 0.67 million shares in the previous session.
Levels Of Support And Resistance For TMUS Stock
The 24-hour chart illustrates a support level at 159.68, which if violated will result in even more drops to 158.47. On the upside, there is a resistance level at 161.94. A further resistance level may holdings at 162.99. The Relative Strength Index (RSI) on the 14-day chart is 43.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.71%. Stochastics %K at 40.67% indicates the stock is a holding.
How much short interest is there in T-Mobile US Inc?
A steep rise in short interest was recorded in T-Mobile US Inc stocks on Mar 15, 2024, dropping by -2.41 million shares to a total of 24.7 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 27.11 million shares. There was a decline of -9.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.27.
The most recent change occurred on June 02, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $159 price target.
