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T-Mobile US (TMUS) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

05/11/2021 18:33

10:20 PM EDT, 05/11/2021 (MT Newswires) -- Two insiders -- Neville R Ray, Officer, and Matthew A Staneff, Officer -- disposed of 75,577 shares of T-Mobile US having a market value of approximately $10,564,309, today, as disclosed in form 4 documents filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 245,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 320,577 shares and have averaged 53,430 shares per transaction over this time period.

Today's Insider Activity

In relation to the peer group over the last 90 days, insider buy/sell trading at T-Mobile US is higher than the 43-company peer group average. Wireless Telecommunications Services peer group saw 19 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for T-Mobile US insiders was also higher. Within the peer group there were 0 shares purchased and 366,635 shares sold with company insiders selling 19,297 shares on average.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.

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.