Shares of American Tower Corporation (REIT) (AMT) Sees Large Outflow of Money

American Tower Corporation (REIT) (AMT) : Thursdays money flow analysis of American Tower Corporation (REIT) (AMT) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $7.09 million. In comparison, the inflow of money on upticks was a meager $5.28 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.81 million. The uptick to downtick ratio of 0.74 in the money flow shows weakness. The uptick block trades were valued at $1.8 million. The downtick transaction value was high at $0 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.8 million). American Tower Corporation (REIT) (AMT) gained $0.36 at $112.76, a change of 0.32% over the previous days close.


American Tower Corporation (REIT) (AMT) : The highest level American Tower Corporation (REIT) (AMT) is projected to reach is $135 for the short term and the lowest estimate is at $110. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $119.54 and the possibility the share price can swing is $7.86. The stock has recorded a 20-day Moving Average of 2.31% and the 50-Day Moving Average is 4.92%.

American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $112.46 on Thursday but the bulls could not build on the opening and the stock topped out at $113.48 for the day. The stock traded down to $111.67 during the day, due to lack of any buying support eventually closed down at $112.20 with a loss of -0.18% for the day. The stock had closed at $112.40 on the previous day. The total traded volume was 1,994,051 shares.

American Tower Corporation is an independent owner, operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies, and municipalities and tenants in a number of other industries. It has a portfolio of over 87,000 communications sites. The Companys continuing operations are managed through three segments: Domestic Rental and Management, which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management, which includes its interests in international communications sites, and Network Development Services, which offers tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *