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Taking a Closer Look At T-Mobile US Inc (TMUS) Following Its Recent Trade

In a filing, T-Mobile US Inc revealed its President and CEO SIEVERT G MICHAEL unloaded Company’s shares for reported $9.57 million on Nov 14 ’24. In the deal valued at $239.22 per share,40,000 shares were sold. As a result of this transaction, SIEVERT G MICHAEL now holds 318,124 shares worth roughly $76.33 million.

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Then, SIEVERT G MICHAEL bought 40,000 shares, generating $9,568,988 in total proceeds.

Before that, SIEVERT G MICHAEL sold 20,000 shares. T-Mobile US Inc shares valued at $4,756,400 were divested by the President and CEO at a price of $237.82 per share. As a result of the transaction, SIEVERT G MICHAEL now holds 358,124 shares, worth roughly $85.93 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 0.70% to $239.94. Over the last five days, the stock has gained 1.23%. T-Mobile US Inc shares have risen nearly 49.65% since the year began. Nevertheless, the stocks have risen 61.06% over the past one year. While a 52-week high of $242.43 was reached on 11/14/24, a 52-week low of $147.96 was recorded on 03/22/24. SMA at 50 days reached $220.26, while 200 days put it at $185.92.

Levels Of Support And Resistance For TMUS Stock

The 24-hour chart illustrates a support level at 238.69, which if violated will result in even more drops to 237.45. On the upside, there is a resistance level at 241.00. A further resistance level may holdings at 242.07. The Relative Strength Index (RSI) on the 14-day chart is 66.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.91%. Stochastics %K at 75.58% indicates the stock is a holding.

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 2024-10-31, dropping by 69023.0 shares to a total of 13.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.91 million shares. There was a decline of -0.5%, which implies that there is a negative sentiment for the stock.

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