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

American Tower Corporation (REIT) (AMT) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($11.34 million) and the uptick to downtick ratio was 0.77. The transaction value on upticks was $37.87 million and on downticks, the transaction value was $49.21 million. In block trades, the transaction value of inflow done during uptick was $1.67 million. The transaction value of block trades during downticks was $15.96 million. The uptick to downtick block trade ratio was 0.1. The money flow was negative ($14.29 million), indicating the traders were booking profit on the price strength. American Tower Corporation (REIT) (AMT) rose $1.27 at $115.09, during intraday Friday , a rise of 1.12% over the previous days close.


The company Insiders own 0.95% of American Tower Corporation (REIT) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -37.62% . Institutional Investors own 92.91% of American Tower Corporation (REIT) shares. During last six month period, the net percent change held by insiders has seen a change of -18.99%.

In a related news,The director of American Tower Corp /Ma/, Reeve Pamela D A sold 10,000 shares at $113.38 on August 17, 2016. The Insider selling transaction had a total value worth of $1,133,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $114.33 and touched an intraday high of $115.53 on Friday. During the day, the stock corrected to an intraday low of $114.24, however, the bulls stepped in and pushed the price higher to close in the green at $115.09 with a gain of 1.12% for the day. The total traded volume for the day was 1,747,306. The stock had closed at $113.82 in the previous trading session.

American Tower Corporation (REIT) (AMT) has been under a strong bear grip, hence the stock is down -1.15% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.13% in the past 1 week. The stock has risen by 1.64% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.28% in the past 4 weeks.

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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