Report: Un-carrier 11 to be called 'Stock Up' and awards T-Mobile shares to postpaid subscribers
T-Mobile's shares have been on the rise, making a new 52-week high today. Chart courtesy of Yahoo Finance
Stock market analysts who use charts to make investment decisions are quite bullish on T-Mobile. The stock just made a new 52-week high today and technical analysts would cite this momentum as a reason to expect the stock to go higher. Why the focus on T-Mobile's stock? Because a report in Venture Beat today says that the operator's Un-carrier 11, to be announced on June 6th, will be called Stock Up and will result in T-Mobile shares being disseminated to the company's subscribers.
According to today's report, which comes from reliable tipster Evan Blass, T-Mobile's postpaid subscribers will be allowed to snag 100 shares of T-Mobile stock (ticker symbol TMUS) every year. The first share (currently worth $43.63) will be given out to any qualifying subscriber who downloads the T-Mobile Tuesdays app before June 21st. This app will allow T-Mobile subscribers to receive free weekly giveaways every Tuesday. Some examples of the rewards could include a Wendy's Frosty, a Domino's Pizza, or a free movie download from Vudu. The share of stock can be claimed by T-Mobile customers from the Loyal3 website. This is a site that provides commission and fee-free investing in the shares of popular consumer brands. New customers will be given a three-week time period to claim their stock.
T-Mobile was listed on the NYSE back in May 2013
Those who have been with T-Mobile for more than five-years will receive two shares for each referral that sticks for 15-days. To earn the annual maximum of 100 shares, a long-time subscriber will have to get 50 friends or family members to open T-Mobile accounts while others will have to get twice that many to sign up for more than two weeks of service.
This is another shrewd move by T-Mobile since it aligns a customer's financial interest with those of the company. True, the potential rewards are modest (unless you get all of your friends and relatives to sign up) but it might give subscribers the feeling that they will do good financially if T-Mobile does good financially.
source: VentureBeat via TmoNews