T-Mobile US, Inc. (NASDAQ: TMUS) shares fell in early trading today on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, U.S. stocks opened significantly lower in early trading. The Dow Jones Industrial Average was 58 points lower, or 0.29% to 19895, the S&P 500 fell 7 points, or 0.28% to 2268, while the Nasdaq dropped 22 points, or 0.38% to 5542.
RBC Capital Markets analysts reiterated its Buy rating on T-Mobile US, Inc. (NASDAQ: TMUS) in a note to investors, making it one of the more closely watched stocks on Wall Street. With a rating of Buy on the shares, T-Mobile US, Inc. has a 52-week high of $59.46. As a means of comparison, a number of other analysts have issued reports on the stock in recent days, and the company has secured a consensus one-year price target of $60.00, above the opening price of $57.40. Usually, after analysts give a “reiterated rating” report on a stock, they will subsequently issue periodic updates, such as a price target change.
Shares of T-Mobile US, Inc. (NASDAQ: TMUS) opened at $57.40 yesterday trading between $56.86 and $57.50, and last traded at $56.95, which represents a decrease of $0.51 from the previous closing price.
T-Mobile US, Inc. (NASDAQ: TMUS) currently has a market cap of 46.93B.
T-Mobile US, Inc. (NASDAQ: TMUS) Average Daily Trading Volume
219,273 shares crossed the trading desk yesterday, 87 percent below the average, out of a total float 287,218,000. lower than normal. Look for trading volume to pick up in the coming days as investors often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these have teams of analysts researching thousands of stocks, so it is good corroboration to see them buying a stock you’re considering.
T-Mobile US, Inc. (NASDAQ: TMUS) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
With that in mind, T-Mobile US, Inc. (NASDAQ: TMUS) now has a 50-day MA of $56.52 and 200-day MA of $48.97. It has traded in a 52-week range between $33.23 – 59.46 and today’s last price is 4.22%% lower than the 52 week high of $59.46.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors seek companies that have increased their earnings by at least 25% over 3 consecutive years.
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