United States Cellular ( (USM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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United States Cellular’s recent earnings announcement revealed a quarterly revenue of $970 million, slightly above market expectations. This financial performance, along with the company’s focus on shareholder value and financial discipline, initially generated positive sentiment. Despite this, options market data suggested an expected earnings move of around 8.95%, indicating potential volatility that may have influenced the stock’s downward movement.
More about United States Cellular
YTD Price Performance: 5.86%
Average Trading Volume: 109,231
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.71B
For further insights into USM stock on TipRanks’ Stock Analysis page.
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