Large Outflow of Money Witnessed in Crown Castle International Corporation

Crown Castle International Corporation (CCI) : Money flow in the Crown Castle International Corporation (CCI) stock was negative (1.01 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.42 million, compared to $2.43 million on downticks. The total uptick to downtick ratio was 0.58, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.61 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.61 million, indicating persistent selling. Crown Castle International Corporation (CCI) traded $1.2 higher at $99.47 gaining 1.22% over the previous days close.


Crown Castle International Corporation (CCI) : 10 Wall Street analysts covering Crown Castle International Corporation (CCI) believe that the average level the stock could reach for the short term is $99.5. The maximum price target given is $107 and the minimum target for short term is around $93, hence the standard deviation is calculated at $4.14.

Crown Castle International Corporation (NYSE:CCI): stock turned positive on Friday. Though the stock opened at $98.19, the bulls momentum made the stock top out at $99.55 level for the day. The stock recorded a low of $98 and closed the trading day at $98.87, in the green by 0.61%. The total traded volume for the day was 2,461,020. The stock had closed at $98.27 in the previous days trading.

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 in a transaction. The price per share was $88.11 and the total amount of the disclosed transaction was $14,802.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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