TMUS - KELVIN WESTBROOK Implements A Sell Strategy: Offloads $1.78M In T-Mobile US Stock | Benzinga
KELVIN WESTBROOK, Board Member at T-Mobile US (NASDAQ:TMUS), reported an insider sell on May 15, according to a new SEC filing.
What Happened: WESTBROOK opted to sell 10,879 shares of T-Mobile US, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction's total worth stands at $1,778,607.
Monitoring the market, T-Mobile US's shares down by 0.0% at $162.68 during Thursday's morning.
Delving into T-Mobile US's Background
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the U.S. T-Mobile now serves 76 million postpaid and 22 million prepaid phone customers, equal to around 30% of the U.S. retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves nearly 5 million residential and business customers. In addition, T-Mobile provides wholesale services to resellers.
Key Indicators: T-Mobile US's Financial Health
Revenue Challenges: T-Mobile US's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -0.19%. This indicates a decrease in top-line ...