Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. T-Mobile US Inc shares valued at $30,431,723 were sold by DEUTSCHE TELEKOM AG on Apr 11 ’24. At $160.45 per share, DEUTSCHE TELEKOM AG sold 189,670 shares. The insider’s holdings dropped to 680,117,043 shares worth approximately $109.29 billion following the completion of this transaction.
Also, DEUTSCHE TELEKOM AG sold 170,903 shares, netting a total of over 27,335,365 in proceeds. Following the sale of shares at $159.95 each, the insider now holds 680,306,713 shares.
Before that, DEUTSCHE TELEKOM AG had sold 189,670 shares from its account. In a trade valued at $30,473,426, the Director traded T-Mobile US Inc shares for $160.67 each. Upon closing the transaction, the insider’s holdings decreased to 189,670 shares, worth approximately $109.35 billion.
As published in a research note from Wolfe Research on June 08, 2023, T-Mobile US Inc [TMUS] has been rated up from a Peer perform to an Outperform and the price target has been revised to $160. Analysts at MoffettNathanson downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early February. As of January 03, 2023, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for TMUS. Earlier on July 28, 2022, Scotiabank upgraded its rating. Their new recommendation was “a Sector outperform” for TMUS stock which previously was a “a Sector perform”.
Analyzing TMUS Stock Performance
During the last five days, there has been a drop of approximately -0.57%. Over the course of the year, T-Mobile US Inc shares have jumped approximately 0.22%. Shares of the company reached a 52-week high of $168.64 on 03/07/24 and a 52-week low of $158.84 on 03/22/24. A 50-day SMA is recorded $162.42, while a 200-day SMA reached $149.90. Nevertheless, trading volume fell to 3.92 million shares from 4.44 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 159.97, which, if violated, would cause prices to drop to 159.26. In the upper region, resistance lies at 161.19. The next price resistance is at 161.70. RSI (Relative Strength Index) is 43.17 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 67.41%, 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 Mar 28, 2024 dropping by -2.76 million shares to 24.12 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 26.88 million shares. A decline of -11.44% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.17 of the overall float, the days-to-cover ratio (short ratio) decline to 5.17.
