T-Mobile stock confirmed a break below its 200 day moving average on May 2, 2023.
T-Mobile is a wireless network operator that provides cellular phone and internet services to its customers. They offer postpaid and prepaid plans for individuals and families, as well as business plans for companies. T-Mobile also sells a variety of smartphones and other mobile devices, including tablets and wearables. Additionally, T-Mobile offers various features and services such as international roaming, mobile hotspot, and unlimited data plans.
T-Mobile files to sell 605.11M shares
On May 1, 2023, T-Mobile filed to sell 605.11M shares of common stock for holders. This could explain some of the recent weakness in TMUS stock.
The other thing that could be weighing on TMUS stock is seasonality and the Sell In May and Go AwayThe phrase “sell in May and go away” is an old adage that has been used by investors for decades. The phrase is often used as a warning to investors who may be considering inve... trade.
T-Mobile stock is definitely not a buy as of May 2, 2023, as seen on the chart above.