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Examining the Potential Price Growth of T-Mobile US Inc (TMUS)

T-Mobile US Inc’s recently made public that its Pres, Mkting Stgy & Prods Katz Michael J. unloaded Company’s shares for reported $0.62 million on Oct 01 ’24. In the deal valued at $205.30 per share,3,000 shares were sold. As a result of this transaction, Katz Michael J. now holds 119,687 shares worth roughly $24.93 million.

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Then, Katz Michael J. bought 3,000 shares, generating $615,900 in total proceeds.

Before that, CLAURE RAUL MARCELO sold 141,119 shares. T-Mobile US Inc shares valued at $27,734,117 were divested by the Director at a price of $196.53 per share. As a result of the transaction, CLAURE RAUL MARCELO now holds 1,683,513 shares, worth roughly $350.73 million.

Raymond James downgraded its T-Mobile US Inc [TMUS] rating to an Outperform from a a Strong buy in a research note published on October 02, 2024; the price target was increased to $221 from $208. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Wolfe Research also remained covering TMUS and has increased its forecast on June 08, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating. MoffettNathanson revised its rating on February 06, 2023. It rated TMUS as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of TMUS

On Monday, T-Mobile US Inc [NASDAQ:TMUS] saw its stock jump 0.02% to $208.33. Over the last five days, the stock has gained 0.95%. T-Mobile US Inc shares have risen nearly 29.94% since the year began. Nevertheless, the stocks have risen 51.59% over the past one year. While a 52-week high of $209.26 was reached on 10/07/24, a 52-week low of $136.84 was recorded on 03/22/24. SMA at 50 days reached $197.65, while 200 days put it at $174.42.

Levels Of Support And Resistance For TMUS Stock

The 24-hour chart illustrates a support level at 207.13, which if violated will result in even more drops to 205.93. On the upside, there is a resistance level at 209.81. A further resistance level may holdings at 211.28. The Relative Strength Index (RSI) on the 14-day chart is 65.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.98%. Stochastics %K at 90.67% indicates the stock is a selling.

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 2024-09-13, dropping by -1.8 million shares to a total of 14.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 16.65 million shares. There was a decline of -12.08%, which implies that there is a negative sentiment for the stock.

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