T-Mobile US (TMUS) has risen sharply, recording gains of 1.83% in the past 4 weeks. However, the stock has corrected -1.45% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.44% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
T-Mobile US, Inc. is up 10.96% in the last 3-month period. Year-to-Date the stock performance stands at 18.28%. The stock has recorded a 20-day Moving Average of 0.76% and the 50-Day Moving Average is 4.01%.
T-Mobile US (NYSE:TMUS): The stock opened at $46.80 on Friday but the bulls could not build on the opening and the stock topped out at $46.85 for the day. The stock traded down to $46.06 during the day, due to lack of any buying support eventually closed down at $46.27 with a loss of -1.51% for the day. The stock had closed at $46.98 on the previous day. The total traded volume was 1,729,003 shares.
Also, In a research note released to the investors, BTIG Research maintains its rating on T-Mobile US (NYSE:TMUS).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, BTIG Research raises the new price target from $50 per share to $56 per share. The rating by the firm was issued on August 2, 2016.