American Tower Corporation (REIT) (AMT) stock had a bullish inflow of $40.22 million worth of trades on uptick and an outflow of $33.52 million in downticks on Monday. The total uptick to downtick ratio stood at 1.2. The net money flow into the stock was $6.69 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 $6.97 million. An inflow of $4.38 million block trade was recorded on downticks. $11.36 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 2.59 in favor of the bulls. However, American Tower Corporation (REIT) (AMT) stock traded down $0.52 , and reached $116.3, a drop of -0.45% over the previous day. On a weekly basis, the stock is 2.32%, over the previous weeks close.
American Tower Corporation is up 10.74% in the last 3-month period. Year-to-Date the stock performance stands at 21.14%. Shares of American Tower Corporation rose by 1.42% in the last five trading days and 8% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Disanto Edmund, officer (EVP, Chief Admin Ofr, GC & Sec) of American Tower Corp /Ma/, had unloaded 21,087 shares at an average price of $116.71 in a transaction dated on July 14, 2016. The total value of the transaction was worth $2,461,064.
American Tower Corporation (REIT) (NYSE:AMT): On Mondays trading session , Opening price of the stock was $116.79 with an intraday high of $117.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $116.25. However, the stock managed to close at $116.3, a loss of 0.45% for the day. On the previous day, the stock had closed at $116.82. The total traded volume of the day was 1,485,780 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.