Today, the EVP-Operations of United States Cellular (NYSE: USM), Jay Ellison, bought shares of USM for $478.6K.
This is Ellison’s first Buy trade following 7 Sell transactions. Following Jay Ellison’s last USM Buy transaction on May 10, 2017, the stock climbed by 1.8%.
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Based on United States Cellular’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $974 million and quarterly net profit of $49 million. In comparison, last year the company earned revenue of $963 million and had a net profit of $12 million. USM’s market cap is $3.48B and the company has a P/E ratio of 54.27. Currently, United States Cellular has an average volume of 67.53K.
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United States Cellular Corp. engages in the provision of wireless telecommunication services. Its products include smartphones, tablets, vehicle routers, and accessories. It offers Internet plans, prepaid and postpaid plans, and roaming services. The company was founded by Leroy T. Carlson in 1983 and is headquartered in Chicago, IL.
