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Taking a look at what insiders are doing to gauge the T-Mobile US Inc (TMUS)’s direction

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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 $31,421,035 were sold by DEUTSCHE TELEKOM AG on May 24 ’28. At $165.66 per share, DEUTSCHE TELEKOM AG sold 189,670 shares. The insider’s holdings dropped to 674,313,641 shares worth approximately $120.28 billion following the completion of this transaction.

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Also, Katz Michael J. sold 3,000 shares, netting a total of over 532,770 in proceeds. Following the sale of shares at $177.59 each, the insider now holds 122,687 shares.

Before that, DEUTSCHE TELEKOM AG had sold 133,461 shares from its account. In a trade valued at $23,599,065, the Director traded T-Mobile US Inc shares for $176.82 each. Upon closing the transaction, the insider’s holdings decreased to 133,461 shares, worth approximately $119.56 billion.

As published in their initiating research note from Goldman on July 01, 2024, T-Mobile US Inc [TMUS] has been a Buy and the price target has been revised to $200. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early June. As of February 06, 2023, MoffettNathanson has decreased its “an Outperform” rating to a “Market perform” for TMUS. Earlier on January 03, 2023, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for TMUS stock which previously was a “an Outperform”.

Analyzing TMUS Stock Performance

During the last five days, there has been a surge of approximately 1.17%. Over the course of the year, T-Mobile US Inc shares have jumped approximately 11.26%. Shares of the company reached a 52-week high of $182.67 on 06/06/24 and a 52-week low of $158.84 on 03/22/24. A 50-day SMA is recorded $170.47, while a 200-day SMA reached $158.79. Nevertheless, trading volume fell to 1.65 million shares from 3.32 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 177.78, which, if violated, would cause prices to drop to 177.09. In the upper region, resistance lies at 179.37. The next price resistance is at 180.28. RSI (Relative Strength Index) is 58.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.87, which suggests the price will increase in the coming days. Percent R is at 22.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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