Shares of SBA Communications Corporation (SBAC) Sees Large Inflow of Net Money Flow

SBA Communications Corporation (SBAC) : SBA Communications Corporation (SBAC) had a healthy money flow of $18.14 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $55.23 million, whereas, investors only sold shares worth $37.08 million on downticks. The stock closed the day with an up-down ratio of 1.49.The money flow in the block trades to the tune of $18.98 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $29.38 million worth of transactions were on upticks. A paltry $10.4 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.83. SBA Communications Corporation (SBAC) stock slid $0.52 intraday and traded at 112.78, a change of -0.46% over previous days close. However, for the week, the company shares are -1.42% compared to previous weeks close.


The company Insiders own 2.1% of SBA Communications Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 1.23% . Institutional Investors own 98.77% of SBA Communications Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.23%. In an insider trading activity, Cocroft Duncan, director of Sba Communications Corp, executed a transaction worth $100,160 on June 16, 2016. A total of 1,000 shares were purchased at an average price of $100.16. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Shares of SBA Communications Corp. rose by 3.52% in the last five trading days and 11.64% for the last 4 weeks. SBA Communications Corp. is up 12.32% in the last 3-month period. Year-to-Date the stock performance stands at 7.34%.

SBA Communications Corporation (NASDAQ:SBAC): On Tuesdays trading session , Opening price of the stock was $113.86 with an intraday high of $114.21. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $112.56. However, the stock managed to close at $112.78, a loss of 0.46% for the day. On the previous day, the stock had closed at $113.3. The total traded volume of the day was 1,676,217 shares.

SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company operated through two segments, namely site leasing and site development. The Companys primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manage rooftop and tower sites for property owners under various contractual arrangements. It also managed or leased approximately 5,000 actual or potential towers. Its other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks. The Companys principal operations are in the United States and its territories. In addition, it owns and operates towers in Canada, Central America, and South America.

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