Large Outflow of Money Witnessed in Crown Castle International Corporation

Crown Castle International Corporation (NYSE:CCI) jumped 0.36 points or 0.38% on strong buying and was last priced at $94.49 per share. The shares saw huge fund flow intraday; a massive $31.63 million made their way in through the upticks but an even bigger $34.38 million made their way out through downticks. As per the last observation, the net money flow stood at $(-2.75) million and the up/down ratio was found to be 0.92. The shares have seen a weekly value change of 1.87% .A block trade was recorded in the company shares with a net money flow of $(-1.79) million. The composite value of the funds in upticks was $1.42 million and the total value of funds in downticks was $3.21. As can be seen from the data, the block transaction had the up/down ratio of 0.44.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (SVP and General Counsel) of Crown Castle International Corp, Simon Kenneth Jay had purchased shares worth of $14,802 in a transaction dated on May 5, 2016. A total of 168 shares were purchased at a price of $88.11 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Crown Castle International Corporation (NYSE:CCI) : On Monday heightened volatility was witnessed in Crown Castle International Corporation (NYSE:CCI) which led to swings in the share price. The stock opened for trading at $94.11 and hit $94.73 on the upside , eventually ending the session at $94.5, with a gain of 0.39% or 0.37 points. The heightened volatility saw the trading volume jump to 2,153,533 shares. The 52-week high of the share price is $94.75 and the company has a market cap of $31,899 million. The 52-week low of the share price is at $75.714 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Cowen & Company maintains its ratings on Crown Castle International Corporation (NYSE:CCI). In the latest research report, Cowen & Company raises the target price from $94 per share to $100 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on April 25, 2016.

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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