Crown Castle International Corporation (CCI) has risen sharply, recording gains of 6.04% in the past 4 weeks. However, the stock has corrected -2.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 1.44% and the 50-Day Moving Average is 6.81%.
Crown Castle International Corporation (NYSE:CCI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $99.73 and $99.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $100.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $100.11, notching a gain of 0.64% for the day. The total traded volume was 1,654,912 . The stock had closed at $99.47 on the previous day.
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 94.96% 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%. In a related news, Simon Kenneth Jay, officer (SVP and General Counsel) of Crown Castle International Corp, had purchased 168 shares on May 5, 2016. The total value of the transaction was $14,802. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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).