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Potential Price Increase for T-Mobile US Inc (TMUS) After Recent Insider Activity

In a filing, T-Mobile US Inc revealed its Officer CANO NESTOR acquired Company’s shares for reported $2.31 million on Nov 07 ’24. In the deal valued at $230.69 per share,10,000 shares were bought.

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Then, CANO NESTOR bought 1,100 shares, generating $254,408 in total proceeds.

Before that, CLAURE RAUL MARCELO sold 110,000 shares. T-Mobile US Inc shares valued at $24,673,000 were divested by the Director at a price of $224.30 per share. As a result of the transaction, CLAURE RAUL MARCELO now holds 1,441,204 shares, worth roughly $343.47 million.

Raymond James downgraded its T-Mobile US Inc [TMUS] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in mid October from “a Sector outperform” to “a Sector perform”. Raymond James also remained covering TMUS and has decreased its forecast on October 02, 2024 with a “an Outperform” recommendation from previously “Strong buy” rating. Goldman started covering the stock on July 01, 2024. It rated TMUS as “a Buy”.

Price Performance Review of TMUS

On Monday, T-Mobile US Inc [NASDAQ:TMUS] saw its stock jump 1.28% to $238.32. Over the last five days, the stock has gained 6.27%. T-Mobile US Inc shares have risen nearly 48.64% since the year began. Nevertheless, the stocks have risen 62.24% over the past one year. While a 52-week high of $236.74 was reached on 11/11/24, a 52-week low of $145.77 was recorded on 03/22/24. SMA at 50 days reached $212.60, while 200 days put it at $182.14.

Levels Of Support And Resistance For TMUS Stock

The 24-hour chart illustrates a support level at 235.74, which if violated will result in even more drops to 233.15. On the upside, there is a resistance level at 240.02. A further resistance level may holdings at 241.71. The Relative Strength Index (RSI) on the 14-day chart is 73.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.62%. 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 2024-10-15, dropping by -0.56 million shares to a total of 14.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.86 million shares. There was a decline of -3.95%, which implies that there is a negative sentiment for the stock.

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