Crown Castle International Corporation (CCI) : Investors lapped up stocks on upticks to the tune of $38.38 million in the Fridays trading session. The trading value on downticks was comparatively at $18.73 million and the uptick to downtick ratio of 2.05 indicates continuous buying by the bulls. The net money flow into the stock was $19.65 million. The block trades were dominated by the bulls with a healthy 14.28, uptick to downtick ratio. Only $1.4 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $20 clearly indicating buying by large investors. The total money flow for block trades stood at $18.6 million, which is a positive for the stock in the long-term. Crown Castle International Corporation (CCI) fell $0.02 during the day at $94.75, a drop of -0.02% over the previous days close. However, for the week, the stock is 1.6%, compared to the previous week.
The company Insiders own 0.73% of Crown Castle International Corporation shares according to the proxy statements. Institutional Investors own 97.12% of Crown Castle International Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -33.07%.
In a related news, Simon Kenneth Jay, officer (SVP and General Counsel) of Crown Castle International Corp, executed a transaction worth $14,802 on May 5, 2016. A total of 168 shares were purchased at an average price of $88.11. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Crown Castle International Corporation (NYSE:CCI): The stock opened at $95.25 and touched an intraday high of $96.1624 on Friday. During the day, the stock corrected to an intraday low of $95.23, however, the bulls stepped in and pushed the price higher to close in the green at $96.06 with a gain of 1.38% for the day. The total traded volume for the day was 2,186,387. The stock had closed at $94.75 in the previous trading session.
Crown Castle International Corporation (CCI) has been under a strong bear grip, hence the stock is down -0.03% 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 2.49% in the past 1 week. The stock has risen by 3% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.17% in the past 4 weeks.
Crown Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). The Company conducts its operations principally through subsidiaries of (CCOC), including certain subsidiaries, which operate its wireless infrastructure portfolios in the United States, including Puerto Rico (CCUSA).