Shares of Crown Castle International Corporation (CCI) Sees Large Outflow of Money

Crown Castle International Corporation (CCI) : The value of composite uptick trades was $2.64 million, whereas, the value of composite downtick trades was $4.91 million. The uptick to downtick ratio stood at 0.54 with a negative money flow of ($2.26) Million during Wednesdays trading session. The block trades money flow was negative ($2.16 million). The transaction of the trades on downticks amounted to $2.16 million, which confirms investors selling on the strength of price. Crown Castle International Corporation (CCI) gained 3 cents at $99.69, an increase of 0.03% over the previous days close.


Also, Citigroup maintains their rating on the shares of Crown Castle International Corporation (NYSE:CCI). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $109 per share from $94 per share. The rating by the firm was issued on July 13, 2016.

Crown Castle International Corporation (NYSE:CCI): The stock opened at $99.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $99.78 for the day. The stock traded down to $98.40 during the day, due to lack of any buying support eventually closed down at $98.49 with a loss of -1.17% for the day. The stock had closed at $99.66 on the previous day. The total traded volume was 1,972,328 shares.

The stock has recorded a 20-day Moving Average of 0.99% and the 50-Day Moving Average is 4.25%. In a related news, Simon Kenneth Jay, officer (SVP and General Counsel) of Crown Castle International Corp, had purchased 168 shares on May 5, 2016. The total value of the transaction was $14,802. The information was disclosed with the SEC 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 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).

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