Large Inflow of Money Witnessed in American Tower Corporation (REIT)

American Tower Corporation (REIT) (AMT) : American Tower Corporation (REIT) (AMT) had a healthy money flow of $8.07 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $45 million, whereas, investors only sold shares worth $36.92 million on downticks. The stock closed the day with an up-down ratio of 1.22.The money flow in the block trades to the tune of $13.23 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $13.23 million worth of transactions were on upticks. American Tower Corporation (REIT) (AMT) stock slid $0.2 intraday and traded at 112.2, a change of -0.18% over previous days close. However, for the week, the company shares are -1.23% compared to previous weeks 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.

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