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

American Tower Corporation (REIT) (NYSE:AMT) traded with a cut of -0.55 points or -0.51% at $107.14 per share. As per the last available information, the stock aggregated $67.5 million in upticks and $21.3 million in downticks, keeping the net money flow capped at $46.2 million. The up/down ratio was found to be 3.17. For the week, the shares have seen a change of -1.52% in the share price.A block trade of $44.51 million in upticks and $0 million in downticks also took place during the day. The up/down ratio for the block stood at 0. The net money flow for this transaction was $44.51 million.

American Tower Corporation has dropped 1.21% in the last five trading days, however, the shares have posted positive gains of 2.79% in the last 4 weeks. American Tower Corporation is up 7.45% in the last 3-month period. Year-to-Date the stock performance stands at 11.39%.

Currently 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 -25.89% . Institutional Investors own 96.49% of American Tower Corporation (REIT) shares. During last six month period, the net percent change held by insiders has seen a change of -25.89%. . On the companys insider trading activities, The Securities and Exchange Commission has divulged that Disanto Edmund, officer (EVP, Chief Admin Ofr, GC & Sec) of American Tower Corp /Ma/, had unloaded 41,875 shares at an average price of $108.95 in a transaction dated on June 10, 2016. The total value of the transaction was worth $4,562,281.

American Tower Corporation (REIT) (NYSE:AMT) witnessed a decline in the market cap on Friday as its shares dropped 0.7% or 0.75 points. After the session commenced at $107.6, the stock reached the higher end at $107.71 while it hit a low of $106.5. With the volume soaring to 2,267,249 shares, the last trade was called at $106.94. The company has a 52-week high of $109.8. The company has a market cap of $45,409 million and there are 424,624,800 shares in outstanding. The 52-week low of the share price is $83.07.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.