Large Inflow of Money Detected in Crown Castle International Corporation

Crown Castle International Corporation (CCI) : The money flow analysis of Crown Castle International Corporation (CCI) indicates a $6.21 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $13.81 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.22 and so was the total money flow at $7.6 million. A solid up-down ratio of 3.99 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $9.38 million worth of block trades on upticks. Only $2.35 million worth of the stock exchanged hands on downticks. The money flow was $7.03 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Crown Castle International Corporation (CCI), pushing it down by -0.42% for the day. The stock slid $0.39 and traded at $93.34 during the day. Nonetheless, the stock is 0.09% over the previous weeks close.


Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on Crown Castle International Corporation (NYSE:CCI). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $100 per share to $110 per share. The rating by the firm was issued on July 25, 2016.

Shares of Crown Castle International Corp. appreciated by 0.51% during the last five trading days but lost 3.63% on a 4-week basis. Crown Castle International Corp. is up 4.72% in the last 3-month period. Year-to-Date the stock performance stands at 11.15%.

Crown Castle International Corporation (NYSE:CCI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.85 and $93.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.19, notching a gain of 0.49% for the day. The total traded volume was 1,542,658 . The stock had closed at $93.73 on the previous day.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (SVP and General Counsel) of Crown Castle International Corp, Simon Kenneth Jay had purchased shares worth of $14,802 in a transaction dated on May 5, 2016. A total of 168 shares were purchased at a price of $88.11 per share. 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).

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