US Stock Market Move | SoftBank sells $4.8 billion of T-Mobile US(TMUS.US), causing a drop of nearly 4%.

On Tuesday, T-Mobile US (TMUS.US) fell nearly 4%, with the stock price continuing to weaken, now trading at $221.89. In terms of news, SoftBank Group raised approximately $4.8 billion by selling T-Mobile shares. The final terms of the deal show that the technology group based in Tokyo sold 21.5 million shares of T-Mobile at a price of $224 per share, priced at a discount of 3% from T-Mobile's closing price of $230.99 on Monday. The transaction was completed through an unregistered overnight block trade.