Shares of T-Mobile US Inc. TMUS, -2.34% shed 2.34% to $101.62 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.89% falling 1.89% to 4,397.94 and Dow Jones Industrial Average DJIA, -1.30% falling 1.30% to 34,265.37. This was the stock’s seventh consecutive day of losses. T-Mobile US Inc. closed $48.58 short of its 52-week high ($150.20), which the company achieved on July 16th.
The stock underperformed when compared to some of its competitors Friday, as Verizon Communications Inc. VZ, -0.45% fell 0.45% to $53.16, AT&T Inc. T, -1.52% fell 1.52% to $26.61, and America Movil S.A.B. de C.V. ADR Series L AMX, +0.42% rose 0.42% to $19.32. Trading volume (6.5 M) eclipsed its 50-day average volume of 5.1 M.
Rallies get squashed and nearly no lead seems to be safe for the stock market in recent trade.
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