A new SEC filing reveals that Xavier Williams, Board Member at United States Cellular (NYSE:USM), made a notable insider purchase on May 22,.
What Happened: Williams demonstrated confidence in United States Cellular by purchasing 2,836 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the transaction is $121,976.
As of Thursday morning, United States Cellular shares are down by 0.0%, currently priced at $43.68.
Delving into United States Cellular's Background
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: Financial Performance Dissected
Revenue Challenges: United States Cellular's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -3.65%. This indicates a decrease in top-line earnings. ...