American Tower Corporation (REIT) (AMT) : American Tower Corporation (REIT) (AMT) had a healthy money flow of $0.89 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $2.02 million, whereas, investors only sold shares worth $1.13 million on downticks. The stock closed the day with an up-down ratio of 1.79.The money flow in the block trades to the tune of $0 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.1 million worth of transactions were on upticks. American Tower Corporation (REIT) (AMT) stock slid $0.31 intraday and traded at 113.53, a change of -0.27% over previous days close. However, for the week, the company shares are 0.26% compared to previous weeks close.
Also, Argus Research maintains their rating on the shares of American Tower Corporation (REIT) (NYSE:AMT). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $130 per share from $120 per share. The rating by the firm was issued on August 17, 2016.
American Tower Corporation has lost 1.74% in the last five trading days and dropped 3.26% in the last 4 weeks. American Tower Corporation is up 7.88% in the last 3-month period. Year-to-Date the stock performance stands at 17.93%.
American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $113.90 on Tuesday but the bulls could not build on the opening and the stock topped out at $114.00 for the day. The stock traded down to $112.67 during the day, due to lack of any buying support eventually closed down at $113.22 with a loss of -0.54% for the day. The stock had closed at $113.84 on the previous day. The total traded volume was 1,458,918 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of American Tower Corp /Ma/, Reeve Pamela D A had sold 10,000 shares worth of $1,133,800 in a transaction dated August 17, 2016. In this transaction, 10,000 shares were sold at $113.38 per share.
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.