Shares of American Tower Corporation (REIT) (AMT) Sees Large Inflow of Net Money Flow

American Tower Corporation (REIT) (AMT) stock had a bullish inflow of $7.25 million worth of trades on uptick and an outflow of $5.41 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.34. The net money flow into the stock was $1.83 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.88 million. $1.88 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, American Tower Corporation (REIT) (AMT) stock traded down $0.15 , and reached $111.88, a drop of -0.13% over the previous day. On a weekly basis, the stock is -0.98%, over the previous weeks close.

American

Shares of American Tower Corporation appreciated by 2.3% during the last five trading days but lost 1.06% on a 4-week basis. American Tower Corporation has dropped 0.33% during the last 3-month period . Year-to-Date the stock performance stands at 17.32%.

American Tower Corporation (REIT) (AMT) : 14 analysts are covering American Tower Corporation (REIT) (AMT) and their average rating on the stock is 1.07, which is read as a Strong Buy. 13 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. American Tower Corporation (REIT) (AMT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels.

American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $112.4 and touched an intraday high of $112.77 on Wednesday. During the day, the stock corrected to an intraday low of $111.64, however, the bulls stepped in and pushed the price higher to close in the green at $112.63 with a gain of 0.54% for the day. The total traded volume for the day was 1,483,736. The stock had closed at $112.58 in the previous trading session.

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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