Why T-Mobile Is Defying the Market Slump and Soaring Today
In a down morning for the market, with the Nasdaq Composite down about 2% on Wednesday as of this writing, T-Mobile (NASDAQ: TMUS) is defying gravity, up 10.5%.
T-Mobile's stock had been beaten down in the latter half of 2021 due to competitive concerns across the industry, as well as concerns over its profitability coming out of the 2020 merger with Sprint. However, strong fourth-quarter net additions and a bright outlook for 2022 seemed to ease those fears.
Image source: Getty Images.
Source Fool.com
