Crown Castle International Corporation (NYSE:CCI) has climbed 0.3% in the past week and advanced 4.99% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.5% and the outperformance has advanced to 4.04% for the last 4 weeks period.
Crown Castle International Corporation (NYSE:CCI): The stock opened at $94.36 on Friday but the bulls could not build on the opening and the stock topped out at $94.59 for the day. The stock traded down to $93.82 during the day, due to lack of any buying support eventually closed down at $94.41 with a loss of -0.25% for the day. The stock had closed at $94.65 on the previous day. The total traded volume was 2,495,262 shares.
The company shares have rallied 14.21% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $94.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $91.06 and the 200 Day Moving Average price is recorded at $86.95.
On the companys insider trading activities, 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.
Many analysts have stated their opinion on the company shares. Cowen & Company maintains their rating on the shares of Crown Castle International Corporation (NYSE:CCI). The current rating of the shares is Outperform. Equity Analysts at the Firm raises the price target to $100 per share from $94 per share. The rating by the firm was issued on April 25, 2016. Currently the company Insiders own 0.73% of Crown Castle International Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.07% . Institutional Investors own 94.92% 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%.
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).