T-Mobile US Inc’s filing revealed that its EVP and General Counsel Nelson Mark Wolfe unloaded Company’s shares for reported $9.25 million on Oct 16 ’24. In the deal valued at $216.26 per share,42,769 shares were sold. As a result of this transaction, Nelson Mark Wolfe now holds 61,871 shares worth roughly $13.78 million.
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Then, Nelson Mark Wolfe bought 42,769 shares, generating $9,249,224 in total proceeds.
Before that, Katz Michael J. sold 3,000 shares. T-Mobile US Inc shares valued at $615,900 were divested by the Pres, Mkting Stgy & Prods at a price of $205.30 per share. As a result of the transaction, Katz Michael J. now holds 119,687 shares, worth roughly $26.66 million.
Scotiabank downgraded its T-Mobile US Inc [TMUS] rating to a Sector perform from a a Sector outperform in a research note published on October 18, 2024; the price target was increased to $236 from $215.50. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early October from “a Strong buy” to “an Outperform”. Goldman began covering TMUS with “Buy” recommendation on July 01, 2024. Wolfe Research revised its rating on June 08, 2023. It rated TMUS as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of TMUS
On Monday, T-Mobile US Inc [NASDAQ:TMUS] saw its stock fall -0.20% to $222.77. Over the last five days, the stock has gained 3.18%. T-Mobile US Inc shares have risen nearly 38.94% since the year began. Nevertheless, the stocks have risen 61.61% over the past one year. While a 52-week high of $223.45 was reached on 10/21/24, a 52-week low of $136.85 was recorded on 03/22/24. SMA at 50 days reached $203.71, while 200 days put it at $177.33.
Levels Of Support And Resistance For TMUS Stock
The 24-hour chart illustrates a support level at 221.40, which if violated will result in even more drops to 220.04. On the upside, there is a resistance level at 224.02. A further resistance level may holdings at 225.28. The Relative Strength Index (RSI) on the 14-day chart is 80.49, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.16%. Stochastics %K at 96.26% 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 2024-09-30, dropping by -3.51 million shares to a total of 13.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.43 million shares. There was a decline of -25.24%, which implies that there is a negative sentiment for the stock.
