Shares of American Tower Corporation (REIT) (AMT) Rally 2.78%

American Tower Corporation (REIT) (AMT) : Traders are bullish on American Tower Corporation (REIT) (AMT) as it has outperformed the S&P 500 by a wide margin of 4.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.27%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.78% in the last 1 week, and is up 9.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.47% and the 50-Day Moving Average is 7.93%.

American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $117.54 on Friday but the bulls could not build on the opening and the stock topped out at $117.54 for the day. The stock traded down to $115.95 during the day, due to lack of any buying support eventually closed down at $116.82 with a loss of -0.15% for the day. The stock had closed at $117.00 on the previous day. The total traded volume was 1,712,749 shares.


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 -18.99% . Institutional Investors own 96.51% of American Tower Corporation (REIT) shares. During last six month period, the net percent change held by insiders has seen a change of -18.99%. In a related news, The Securities and Exchange Commission has divulged that Disanto Edmund, officer (EVP, Chief Admin Ofr, GC & Sec) of American Tower Corp /Ma/, had unloaded 21,087 shares at an average price of $116.71 in a transaction dated on July 14, 2016. The total value of the transaction was worth $2,461,064.

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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