The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. T-Mobile US Inc shares valued at $615,900 were sold by Katz Michael J. on Oct 01 ’24. At $205.30 per share, Katz Michael J. sold 3,000 shares. The insider’s holdings dropped to 119,687 shares worth approximately $25.31 million following the completion of this transaction.
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Also, Katz Michael J. purchased 3,000 shares, netting a total of over 615,900 in proceeds.
Before that, CLAURE RAUL MARCELO had sold 141,119 shares from its account. In a trade valued at $27,734,117, the Director traded T-Mobile US Inc shares for $196.53 each. Upon closing the transaction, the insider’s holdings decreased to 141,119 shares, worth approximately $355.98 million.
As published in a research note from Raymond James on October 02, 2024, T-Mobile US Inc [TMUS] has been rated down from a Strong buy to an Outperform and the price target has been revised to $221 from $208. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of June 08, 2023, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for TMUS. Earlier on February 06, 2023, MoffettNathanson downgraded its rating. Their new recommendation was “a Market 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 1.64%. Over the course of the year, T-Mobile US Inc shares have jumped approximately 31.88%. Shares of the company reached a 52-week high of $215.18 on 10/10/24 and a 52-week low of $158.84 on 03/22/24. A 50-day SMA is recorded $199.66, while a 200-day SMA reached $175.27. Nevertheless, trading volume fell to 2.6 million shares from 2.24 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 209.87, which, if violated, would cause prices to drop to 208.29. In the upper region, resistance lies at 214.10. The next price resistance is at 216.76. RSI (Relative Strength Index) is 69.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.75, which suggests the price will increase in the coming days. Percent R is at 22.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
