American Tower Corporation (REIT) (AMT) : On Friday, The money flowed into the American Tower Corporation (REIT) (AMT) stock with an uptick to downtick ratio was recorded at 1.6. Transactions worth $13.84 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $8.66 million. The total money flow into the stock was $5.18 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.72 million of block transactions on upticks. The total money flow in block trades was $5.72 million. In terms of price action, American Tower Corporation (REIT) (AMT) traded down $0.09 during the session at $117.46. Compared to the previous days closing, the stock was down only by -0.08%. For the week, the stock is 0.55%, over previous weeks closing.
American Tower Corporation (REIT) (AMT) : 13 investment research analysts covering American Tower Corporation (REIT) (AMT) have an average price target of $121 for the near short term. The highest target price given by the Brokerage Firm to the stock is $135 and the lowest target is $110 for the short term. Analysts expect the variance to be within $8.1 of the average price.
American Tower Corporation (REIT) (NYSE:AMT): stock turned positive on Friday. Though the stock opened at $117.66, the bulls momentum made the stock top out at $118.26 level for the day. The stock recorded a low of $117.33 and closed the trading day at $117.84, in the green by 0.25%. The total traded volume for the day was 1,511,223. The stock had closed at $117.55 in the previous days trading.
In a related news,The director officer (Chairman, President and CEO) of American Tower Corp /Ma/, Taiclet James D Jr sold 40,625 shares at $117 on July 18, 2016. The Insider selling transaction had a total value worth of $4,753,125. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.