Shares of American Tower Corporation (REIT) (NYSE:AMT) Sees Large Outflow of Money

American Tower Corporation (REIT) (NYSE:AMT) had an volatile session and gained 2.02 points till last call. The price was at $109.44, gaining 1.88% till the last intraday data. The total uptick value was $38.5 million while the total downtick value was $54.74 million. The shares saw a net money flow of $(-16.25) million and the up/down ratio stood at 0.7. The stock has seen a change of of 2.34% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-17.97) million. Almost $1.49 million were received in upticks and approximately $19.46 million were lost in downticks, thereby giving the up/down ratio of 0.08.


The stock has recorded a 20-day Moving Average of 2.78% and the 50-Day Moving Average is 3.78%. The company shares have rallied 11.61% in the past 52 Weeks. On June 13, 2016 The shares registered one year high of $109.8 and one year low was seen on February 11, 2016 at $83.07. The 50-day moving average is $106.35 and the 200 day moving average is recorded at $99. S&P 500 has rallied 1.93% during the last 52-weeks.

American Tower Corporation (REIT) (NYSE:AMT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $107.91 and $107.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $109.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $109.44, notching a gain of 1.88% for the day. The total traded volume was 2,071,324 . The stock had closed at $107.42 on the previous day.

Currently 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 -25.89% . Institutional Investors own 96.49% of American Tower Corporation (REIT) shares. During last six month period, the net percent change held by insiders has seen a change of -25.89%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Disanto Edmund, officer (EVP, Chief Admin Ofr, GC & Sec) of American Tower Corp /Ma/, had unloaded 41,875 shares at an average price of $108.95 in a transaction dated on June 10, 2016. The total value of the transaction was worth $4,562,281.

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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