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An Analysis of T-Mobile US Inc (TMUS)’s Potential Price Growth

In a filing, T-Mobile US Inc revealed its Director DEUTSCHE TELEKOM AG unloaded Company’s shares for reported $31.06 million on May 09 ’24. In the deal valued at $163.77 per share,189,670 shares were sold. As a result of this transaction, DEUTSCHE TELEKOM AG now holds 676,400,011 shares worth roughly $110.49 billion.

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Then, DEUTSCHE TELEKOM AG sold 189,670 shares, generating $30,956,467 in total proceeds. Upon selling the shares at $163.21, the Director now owns 676,589,681 shares.

Before that, DEUTSCHE TELEKOM AG sold 189,670 shares. T-Mobile US Inc shares valued at $30,750,149 were divested by the Director at a price of $162.12 per share. As a result of the transaction, DEUTSCHE TELEKOM AG now holds 676,779,351 shares, worth roughly $110.55 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 -0.52% to $163.35. Over the last five days, the stock has gained 0.60%. T-Mobile US Inc shares have risen nearly 1.88% since the year began. Nevertheless, the stocks have risen 14.47% 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 $162.63, while 200 days put it at $152.49. A total of 3.69 million shares were traded, compared to the trading of 3.08 million shares in the previous session.

Levels Of Support And Resistance For TMUS Stock

The 24-hour chart illustrates a support level at 162.38, which if violated will result in even more drops to 161.42. On the upside, there is a resistance level at 164.65. A further resistance level may holdings at 165.96. The Relative Strength Index (RSI) on the 14-day chart is 51.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.57%. Stochastics %K at 58.79% indicates the stock is a holding.

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.

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