Why T-Mobile US (TMUS) Stock Closed Higher Today

NEW YORK (TheStreet) -- Shares of T-Mobile US Inc. (TMUS) closed up 1.28% to $33.26 on heavy trading volume after it was reported that Democratic members of the FCC may be divided over how they view the possible Sprint Corp. (S) merger with T-Mobile, sources told the Wall Street Journal.

Sprint's parent, SoftBank Corp. (SFTBF), is promoting a consolidation in the U.S. wireless sector while it attempts to purchase T-Mobile.

If there is a merger, Verizon Communications Inc. (VZ) and AT&T  (T) will likely be affected.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

 
TMUS Chart

TMUS data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

Global Stocks Rise on Tech Resurgence; Dollar Past 3-Month High Ahead of Q1 GDP

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb