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Insider Trends: 90-Day Insider Buying Trend Reduced with Disposition of T-Mobile US Shares

05/11/2021 14:20

06:10 PM EDT, 05/11/2021 (MT Newswires) -- On May 10, 2021, Director, Dr Kelvin R Westbrook, executed a sale of 7,500 shares in T-Mobile US (TMUS) for $1,021,125. After the Form 4 filing with the SEC, Dr Westbrook has 22,588 shares of company stock, which have a market value of $3.07 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 40 insider transactions reported to the SEC for T-Mobile US. These transactions came from the activities of 8 different insiders that resulted in a net acquisition of 357,267 company shares. This compares with the preceding 90-day window of time where there were 2 transactions from 2 insiders which resulted in the net disposition of 16,932 shares.

This is lower than the average level of insider transactions in the 43-company Wireless Telecommunications Services peer group over the last 90-day period. Activity in the peer group averaged 85.6 transactions per company, with company insiders acquiring on average -224,690 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1283699/000128369921000099/xslF345X03/wf-form4_162077090676814.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.