220.31
price up icon1.06%   2.31
 
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Why is T Mobile Us Inc (TMUS) Stock down?

We've noticed a 6.12% decline in T Mobile Us Inc (TMUS) stock during the 2024-12-09 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
02 Jun, 2023:

Shares of T-Mobile US Inc (TMUS) dropped by 6.92% from $1.30 to $1.21 in the trading on Friday, June 02, 2023. The reason why TMUS is down today is due to rumors that Amazon (AMZN) was considering offering low-cost or free wireless phone services to Amazon Prime subscribers, potentially posing a threat to traditional telecom companies. Reports also suggested a partnership with DISH Network (DISH), which could benefit DISH's 5G service. Although Amazon denied these rumors, they led to investor concerns and negatively impacted TMUS's stock.

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telecom_services T
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