Why T-Mobile Stock Plunged Today
Shares of T-Mobile (NASDAQ: TMUS) have plunged today, down by 12% as of 12:30 p.m. EDT, as the broader market continues to tank due to the coronavirus pandemic. Here's all the latest coronavirus news for the Un-carrier.
T-Mobile recently outlined the steps it was taking to curb the disease's spread. The wireless carrier will temporarily close 80% of its company-owned retail locations through the end of the month. The stores that will stay open will have reduced schedules and operate for only eight hours per day. Customer service centers will have reduced staffing and employees there will have greater distance between workstations to promote social distancing.
T-Mobile will temporarily close 80% of its company-owned stores. Image source: T-Mobile.
Source Fool.com
