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Is the timing suspicious? Ought to T-Cell clients and staff be much more apprehensive than they’re? The reply to each questions is “No.”
![T-Mobile President Mike Sievert sold 40,000 T-Mobile shares in a transaction valued at $6.5 million - CEO Mike Sievert sells $6.5 million worth of T-Mobile stock ahead of mystery news release](https://m-cdn.phonearena.com/images/articles/414766-image/mikesievertofficial.jpg)
![T-Mobile President Mike Sievert sold 40,000 T-Mobile shares in a transaction valued at $6.5 million - CEO Mike Sievert sells $6.5 million worth of T-Mobile stock ahead of mystery news release](https://m-cdn.phonearena.com/images/articles/414766-image/mikesievertofficial.jpg)
T-Cell President Mike Sievert offered 40,000 T-Cell shares in a transaction valued at $6.5 million
There are some indications that Sievert’s T-Cell inventory gross sales don’t have anything to do with the mysterious actions that T-Cell is taking this week. Initially, the inventory gross sales have been made underneath a Rule 10b5-1 buying and selling plan that Sievert enforce in November 2023. This plan permits company insiders to promote shares at predetermined intervals of time lowering the percentages that the insider will likely be accused of insider buying and selling.
Moreover, Sievert nonetheless holds 438,124 T-Cell shares so the 40,000 shares offered represented solely 8.4% of the chief’s holdings. Meaning he nonetheless has loads of pores and skin within the recreation and significantly unhealthy information for the corporate nonetheless might damage his pockets. In addition to, if the information is what we suspect it’s, a value hike for legacy postpaid plans, it should not lead to a mass exodus of shoppers from T-Cell. Actually, nothing ought to occur that may consequence within the inventory crashing.
Whereas we’re nonetheless intrigued by what has T-Cell anticipating to face the wrath of its subscribers earlier than the top of this week, there may be nothing suspicious within the timing of Mike Sievert’s inventory sale. The inventory itself has taken the affect of this information and nonetheless managed to maneuver increased in the present day by 46 cents to $164.36.
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