Also, the data shows that most of these transactions were traded on the ask side. The initial dealvalued Sprint shares at 0.10256 T-Mobile shares each. The data shows that calls also traded on the ask side, which indicates that traders are betting that Sprint stays above $9. The stock rallied above the 2011 high in May 2013, setting off long-term buying signals ahead of an
The data suggests that the calls were bought—an indication that traders are betting that Sprint’s price will rise above $7.00 by the expiration day.The $9 strike price puts have seen their open interest levels rise to 51,079 open contracts from around 23,099 open contracts on October 23. The technical chart is very bullish for the stock. There’s another positive indication for the deal. The site may not work properly if you don't If you do not update your browser, we suggest you visit Press J to jump to the feed. In addition, the RSI index value of 61.17 shows that the stock is somewhat overbought. A trend is the general price direction of a market or asset.
The merger between Sprint (S) and T-Mobile (TMUS) has been slowly getting regulatory approval, so you should expect a Sprint stock breakout.
The data shows that calls also traded on the ask side, which indicates that traders are betting that Sprint stays above $9. Here are a few different things could happen to stock after a merger, acquisition, or sale of a company. Due to the options expiration date on December 20, there has been a massive increase in activity over the past week for T-Mobile and Sprint stock. However, the RSI value doesn’t indicate a forthcoming trend reversal. The $26 billion merger between T-Mobile and Sprint has been approved, ending a years-long attempt to combine the United States' third- and fourth-largest wireless carriers. The company also made a bad bet on the losing side of …
... An Investor Bought Billions in Stocks When It Really Hurt. What happens to your stock after an acquisition depends (in part) on what type of equity compensation you have. The technical chart is very bullish for the stock.
In addition, the RSI index value of 61.17 shows that the stock is somewhat overbought. A buyer of the given calls would need the stock to surge to about $86.16 to earn a profit—the first indication that the deal with Sprint moves ahead.Let’s take a look at the T-Mobile chart to see a clearer picture. After the companies merge, Y shareholders will receive $22 for each share they hold and Y shares will stop trading. (For additional reading, check out:
Since October 18, the number of open contracts has risen to about 65,632 from 12,841. If the company is successful, final approvals are expected by mid-March. T-Mobile US CEO John Legere will head the combined group." An analysis of the options market suggests that some traders think that the proposed deal will succeed. The merger between Sprint (S) and T-Mobile (TMUS) has been slowly getting regulatory approval, so you should expect a Sprint stock breakout. The trial is scheduled for December 9. The transaction was agreed upon at a ratio of 0.10256 T-Mobile shares for each Sprint share or 9.75 Sprint shares for each T-Mobile share held. Merger Alternatives and Sprint Stock. The bet suggests that T-Mobile’s shares will rise. According to data from The T-Mobile December $85 calls have seen their open interest rise since October 18 to over 800 open contracts—up from just 319 contracts previously. Determining the trend direction is important for maximizing the potential success of a trade. After the merger, T-Mobile is expected to save approximately $6.0 billion per year from combining operations. Also, the data shows that most of these transactions were traded on the ask side. s a high probability that the end is near. T-Mobile opened for trading Feb. 12 at $94.
Since October 18, the number of open contracts has risen to about 65,632 from 12,841. The rally ends and the price resumes falling. In a true merger, or "merger or equals," two companies combine their operations into a single, brand-new company. The bet suggests that T-Mobile’s shares will rise.
However, if the stock falls below $81, it will likely continue to fall to the next support level at $78. In many cases, an index could remain “overbought” or “oversold” for a while.
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