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USM Crosses Below Key Price/Book Valuation Level

By Market News Video Staff, Wednesday, December 7, 1:02 PM ET
Now Playing: The Importance of Book Value


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In trading on Wednesday, shares of United States Cellular Corp (NYSE:USM) crossed below their last reported book value — defined as common shareholder equity per share — of $42.73, changing hands as low as $42.40 per share. United States Cellular Corp shares are currently trading down about 0.6% on the day. The chart below shows the one year performance of USM shares, versus its 50 and 200 day moving averages:

United States Cellular Corp Moving Averages Chart

Looking at the chart above, USM's low point in its 52 week range is $35.58 per share, with $52.41 as the 52 week high point — that compares with a last trade of $43.16.

According to the ETF Finder at ETF Channel, USM makes up 3.77% of the First Trust Utilities AlphaDEX Fund ETF (AMEX:FXU) which is trading lower by about 0.7% on the day Wednesday.

     See what other ETFs contain USM »
     See what other stocks are held by FXU »

USM operates in the Communications Services sector, among companies like TELUS Corp. (NYSE:TU) which is up about 0.6% today, and KT Corp (NYSE:KT) trading up by about 1.1%. Below is a three month price history chart comparing the stock performance of USM, versus TU and KT.

USM,TU,KT Relative Performance Chart


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