United States Cellular Corporation (USM) Moves Lower on Volume Spike for March 12

Equities Staff  |

United States Cellular Corporation (USM) traded on unusually high volume on Mar. 12, as the stock lost 1.93% to close at $39.56. On the day, United States Cellular Corporation saw 290,836 shares trade hands on 3,676 trades. Considering that the stock averages only a daily volume of 140,135 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $41.19 and $32.06 over the last 52-weeks, its 50-day SMA is now $36.33, and its 200-day SMA $37.05. United States Cellular Corporation has a P/B ratio of 0.92. It also has a P/E ratio of 268.9.

United States Cellular Corp is a wireless telecommunications service provider. Its ownership interests include consolidated and investment interests in licenses covering portions of nearly 20 states & total population of around 30 million.

Headquartered in Chicago, IL, United States Cellular Corporation has 6,000 employees and is currently under the leadership of CEO Kenneth R. Meyers.

For a complete fundamental analysis analysis of United States Cellular Corporation, check out Equities.com’s Stock Valuation Analysis report for USM.

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To get more information on United States Cellular Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: USM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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