USM Falls to Levels Below Book Value

In trading on Tuesday, shares of United States Cellular Corp ( USM) crossed below their last reported book value — defined as common shareholder equity per share — of $40.23, changing hands as low as $40.20 per share. United States Cellular Corp shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of USM shares, versus its 50 and 200 day moving averages:

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United States Cellular Corp Moving Averages Chart

Looking at the chart above, USM's low point in its 52 week range is $32.25 per share, with $48.98 as the 52 week high point — that compares with a last trade of $40.58.

According to the ETF Finder at ETF Channel, USM makes up 3.82% of the First Trust Utilities AlphaDEX Fund ETF ( FXU) which is trading up by about 0.4% on the day Tuesday.

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