Large Inflow of Money Witnessed in SBA Communications Corporation

SBA Communications Corporation (NASDAQ:SBAC) traded negative at $101.94. On an intraday basis, the price dropped -0.14 points or -0.14%. The composite uptick value was $19.7 million while the combined downtick value was $17.57. The net money flow was $2.13 million while the up/down ratio was not very comforting at 1.12. The shares on a weekly note has seen a change in share price of 2.25%.According to the trading data, the shares saw a block trade with $4.57 million in upticks and $0 million in downticks. The up/down ratio for the block was calculated to be 0. The net money flow for the block trade was 4.57.


The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 1.6%. The company shares have dropped 15.05% in the past 52 Weeks. On August 18, 2015 The shares registered one year high of $128.47 and one year low was seen on February 11, 2016 at $82.8. The 50-day moving average is $100.44 and the 200 day moving average is recorded at $98.98. S&P 500 has rallied 1.93% during the last 52-weeks.

SBA Communications Corporation (NASDAQ:SBAC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $101.99 and $101.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.66, notching a gain of 0.57% for the day. The total traded volume was 1,261,293 . The stock had closed at $102.08 on the previous day.

Currently the company Insiders own 2.1% of SBA Communications Corporation shares according to the proxy statements. Institutional Investors own 98.78% of SBA Communications Corporation shares. On the companys insider trading activities, Cocroft Duncan, director of Sba Communications Corp, executed a transaction worth $100,160 on June 16, 2016. A total of 1,000 shares were purchased at an average price of $100.16. 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.

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company operated through two segments, namely site leasing and site development. The Companys primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manage rooftop and tower sites for property owners under various contractual arrangements. It also managed or leased approximately 5,000 actual or potential towers. Its other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks. The Companys principal operations are in the United States and its territories. In addition, it owns and operates towers in Canada, Central America, and South America.

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