United States Cellular Corp (USM) Files Form 4 Insider Selling : J Samuel Crowley Sells 2,025 Shares

United States Cellular Corp (USM): J Samuel Crowley , director of United States Cellular Corp sold 2,025 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $42.83 per share for a total value of $86,727.30 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 29, 2016, Ronald E Daly (director) sold 1,926 shares at $43.30 per share price.On Mar 21, 2016, Harry J Jr Harczak (director) sold 1,600 shares at $41.83 per share price.Also, On Nov 4, 2015, Steven T Campbell (EVP-Finance, CFO & Treasurer) sold 10,117 shares at $42.21 per share price.On May 12, 2015, Michael Irizarry (Exec. VP and CTO) sold 2,995 shares at $39.37 per share price.

United States Cellular Corp: On Monday, May 2, 2016 heightened volatility was witnessed in United States Cellular Corp which led to swings in the share price. The shares opened for trading at $42.52 and hit $43.91 on the upside , eventually ending the session at $43.67, with a gain of 2.42% or 1.03 points. The heightened volatility saw the trading volume jump to 1,00,954 shares. The 52-week high of the share price is $45.87 and the company has a market cap of $3,682 M . The 52-week low of the share price is at $32.72.

United States Cellular Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.United States Cellular Corp is Reiterated by FBR Capital to Underperform while Lowering the Price Target of the company shares to $ 33 from a previous price target of $37 . The Rating was issued on Feb 26, 2016.

United States Cellular Corporation (U.S. Cellular) is a provider of Wireless telecommunication services. The Company provides these services to approximately 4.8 million customers in 23 states. U.S. Cellular provides service to postpaid and prepaid customers from a variety of segments. The Company focuses on retail consumers government and small-to-mid-size business customers in vertical industries such as construction retail professional services and real estate. These customers are served through U.S. Cellular’s retail and direct sales channels. Its postpaid customers choose from a variety of national plans with voice messaging and data usage options. U.S. Cellular offers Shared Data plans that include unlimited voice minutes and text messaging combined with a variety of data usage options. U.S. Cellular operates four regional customer care centers. It offers a range of Wireless devices such as handsets modems mobile hotspots home phone and tablets for use by its customers.

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