USM - HARRY HARCZAK JR's Recent Buy: Acquires $121K In United States Cellular Stock | Benzinga
On May 22, a substantial insider purchase was made by HARRY HARCZAK JR, Director at United States Cellular (NYSE:USM), as per the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that JR purchased 2,836 shares of United States Cellular. The total transaction amounted to $121,976.
The latest update on Thursday morning shows United States Cellular shares down by 0.0%, trading at $43.68.
Unveiling the Story Behind United States Cellular
U.S. Cellular is a regional wireless carrier that serves about 4.5 million customers spread across four major geographic clusters: the Midwest, mid-Atlantic, New England, and the Pacific Northwest. These service territories encompass a total population of about 32 million people. The vast majority of the markets the firm serves are rural or second/third-tier cities, with only the greater Milwaukee and Oklahoma City regions boasting populations greater than 1 million. U.S. Cellular also owns a 5.5% stake in Verizon Wireless' Los Angeles operations and, unlike its wireless carrier peers, owns most of its own towers.
United States Cellular: A Financial Overview
Revenue Challenges: United States Cellular's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the ...