Large Outflow of Money Witnessed in American Tower Corporation (REIT)

American Tower Corporation (REIT) (AMT) : Net money flow in American Tower Corporation (REIT) (AMT) was negative ($15.13 million) and the inflow of money on uptick was $64.5 million, whereas, the outflow of money on downticks amounted to $79.64 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.81. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $16.97 million. The money flow in block trades was negative ($16.97). American Tower Corporation (REIT) (AMT) gained $1.43 cent during the day and reached $116.1, a gain of 1.25% over the previous day.


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 -18.99% . Institutional Investors own 96.51% of American Tower Corporation (REIT) shares. During last six month period, the net percent change held by insiders has seen a change of -18.99%. In an insider trading activity,The officer (EVP, Chief Admin Ofr, GC & Sec) of American Tower Corp /Ma/, Disanto Edmund sold 20,000 shares at $113.5 on June 30, 2016. The Insider selling transaction had a total value worth of $2,270,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shares of American Tower Corporation rose by 1.99% in the last five trading days and 7.25% for the last 4 weeks. American Tower Corporation is up 9.89% in the last 3-month period. Year-to-Date the stock performance stands at 20.93%.

American Tower Corporation (REIT) (NYSE:AMT): stock turned positive on Tuesday. Though the stock opened at $114.6, the bulls momentum made the stock top out at $116.12 level for the day. The stock recorded a low of $114.26 and closed the trading day at $116.1, in the green by 1.25%. The total traded volume for the day was 3,196,298. The stock had closed at $114.67 in the previous days trading.

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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