On a relative basis, the stock has outperformed the S&P 500 by 2.82% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.05% in the last 1 week, and is up 4.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 18.77% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $114.50 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $108.61 and the 200 Day Moving Average price is recorded at $100.47.
The stock has recorded a 20-day Moving Average of 3.4% and the 50-Day Moving Average is 6.13%.
American Tower Corporation (REIT) (NYSE:AMT): stock turned positive on Friday. Though the stock opened at $113.18, the bulls momentum made the stock top out at $113.75 level for the day. The stock recorded a low of $112.33 and closed the trading day at $113.66, in the green by 1.30%. The total traded volume for the day was 1,927,228. The stock had closed at $112.2 in the previous days trading.
In an insider trading activity,The officer (EVP, Chief Admin Ofr, GC & Sec) of American Tower Corp /Ma/, Disanto Edmund sold 20,000 shares at $113.5 on June 30, 2016. The Insider selling transaction had a total value worth of $2,270,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.