price up icon0.41%   0.73

Why is T Mobile Us Inc (TMUS) Stock down?

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.

telecom_services VZ
price up icon 0.31%
price up icon 1.43%
telecom_services T
price down icon 0.27%
telecom_services AMX
price down icon 1.02%
price up icon 2.27%
Cap:     |  Volume (24h):