U.S. Cellular (USM) Surges 7.2%: Is This an Indication of Further Gains?

United States Cellular (USM) shares ended the last trading session 7.2% higher at $62.95. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.1% gain over the past four weeks.U.S. Cellular has inked a definitive agreement with Verizon Communications Inc. to divest a portion of its spectrum licenses for a total of$ 1 billion. The company also signed a deal with two other mobile network operators for the sale of other ...