T-Mobile’s stock hit an all-time high today, following a year of strong growth on Wall Street for the self-proclaimed “Un-Carrier.”
The Bellevue-based company’s stock hit a high watermark of $60.64 this morning and finished the day at $60.07. That is the first time T-Mobile stock has ever finished above $60 per share. Braxton Carter, T-Mobile CFO, took to Twitter to celebrate the news.
— Braxton Carter (@braxtoncarter) January 19, 2017
T-Mobile unveiled its latest “Un-Carrier Move” in a heavily-teased announcement at the Consumer Electronics Show in Las Vegas earlier this month. The new “KickBack” program will credit customers up to $10 per month for unused data on lines that use less than 2 gigabytes per month. The company also promised to include all taxes and fees in its advertised rates.
T-Mobile stock price increased 47 percent in 2016, closing at $57.51. T-Mobile made several notable moves last year, announcing plans to shift to a single wireless plan, called T-Mobile One, offering unlimited data. The company later streamlined the plan. T-Mobile also introduced Digits, a new way to use phone numbers across multiple devices and put multiple phone numbers on the same device.