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T-Mobile US, Inc. (TMUS - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 7% in the past one-month time frame.
The upside was driven by T-Mobile's blockbuster merger with Sprint coupled with significant 5G investments, which augmented its position in the U.S. wireless industry.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
T-Mobile currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
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T-Mobile (TMUS) Jumps: Stock Rises 5.4%
T-Mobile US, Inc. (TMUS - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 7% in the past one-month time frame.
The upside was driven by T-Mobile's blockbuster merger with Sprint coupled with significant 5G investments, which augmented its position in the U.S. wireless industry.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
T-Mobile currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
T-Mobile US, Inc. Price
T-Mobile US, Inc. price | T-Mobile US, Inc. Quote
A better-ranked stock in the Wireless National industry is Cambium Networks Corporation (CMBM - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
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