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Keeping an Eye on T-Mobile US Inc (TMUS) After Insider Trading Activity

T-Mobile US Inc’s filing revealed that its Director CLAURE RAUL MARCELO unloaded Company’s shares for reported $27.73 million on Sep 10 ’24. In the deal valued at $196.53 per share,141,119 shares were sold. As a result of this transaction, CLAURE RAUL MARCELO now holds 1,683,513 shares worth roughly $341.47 million.

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Then, CLAURE RAUL MARCELO sold 132,309 shares, generating $26,030,473 in total proceeds. Upon selling the shares at $196.74, the Director now owns 1,551,204 shares.

Before that, CLAURE RAUL MARCELO sold 1,572 shares. T-Mobile US Inc shares valued at $308,112 were divested by the Director at a price of $196.00 per share. As a result of the transaction, CLAURE RAUL MARCELO now holds 1,824,632 shares, worth roughly $370.09 million.

Goldman initiated its T-Mobile US Inc [TMUS] rating to a Buy in a research note published on July 01, 2024; the price target was $200. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early June from “a Peer perform” to “an Outperform”. MoffettNathanson also remained covering TMUS and has decreased its forecast on February 06, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Wolfe Research revised its rating on January 03, 2023. It rated TMUS as “a Peer perform” which previously was an “an Outperform”.

Price Performance Review of TMUS

On Friday, T-Mobile US Inc [NASDAQ:TMUS] saw its stock jump 0.21% to $202.83. Over the last five days, the stock has gained 5.09%. T-Mobile US Inc shares have risen nearly 26.51% since the year began. Nevertheless, the stocks have risen 43.34% over the past one year. While a 52-week high of $205.28 was reached on 08/28/24, a 52-week low of $135.82 was recorded on 03/22/24. SMA at 50 days reached $189.76, while 200 days put it at $170.49.

Levels Of Support And Resistance For TMUS Stock

The 24-hour chart illustrates a support level at 201.28, which if violated will result in even more drops to 199.74. On the upside, there is a resistance level at 203.81. A further resistance level may holdings at 204.80. The Relative Strength Index (RSI) on the 14-day chart is 63.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.34%. Stochastics %K at 68.27% 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 2024-08-30, growing by 1.5 million shares to a total of 17.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 15.93 million shares. There was a rise of 8.6%, which implies that there is a positive sentiment for the stock.

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