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T-Mobile US Inc [NASDAQ: TMUS] Sees Decrease in Stock Value

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 $2,306,905 were purchased by CANO NESTOR on Nov 07 ’24. At $230.69 per share, CANO NESTOR acquired 10,000 shares.

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Also, CANO NESTOR purchased 1,100 shares, netting a total of over 254,408 in proceeds.

Before that, CLAURE RAUL MARCELO had sold 110,000 shares from its account. In a trade valued at $24,673,000, the Director traded T-Mobile US Inc shares for $224.30 each. Upon closing the transaction, the insider’s holdings decreased to 110,000 shares, worth approximately $333.62 million.

As published in a research note from Raymond James on October 25, 2024, T-Mobile US Inc [TMUS] has been rated down from an Outperform to a Mkt perform. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid October. As of October 02, 2024, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for TMUS. Earlier on July 01, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for TMUS stock.

Analyzing TMUS Stock Performance

During the last five days, there has been a surge of approximately 3.73%. Over the course of the year, T-Mobile US Inc shares have jumped approximately 44.38%. Shares of the company reached a 52-week high of $234.56 on 10/25/24 and a 52-week low of $158.84 on 03/22/24. A 50-day SMA is recorded $211.11, while a 200-day SMA reached $181.40. Nevertheless, trading volume fell to 2.49 million shares from 4.12 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 229.89, which, if violated, would cause prices to drop to 228.30. In the upper region, resistance lies at 233.19. The next price resistance is at 234.90. RSI (Relative Strength Index) is 67.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.49, which suggests the price will increase in the coming days. Percent R is at 17.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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