SBA Communications Corporation (SBAC) : During the past 4 weeks, traders have been relatively bearish on SBA Communications Corporation (SBAC), hence the stock is down -2.9% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.41% relative to the S&P 500. The 4-week change in the price of the stock is -0.48% and the stock has fallen -0.99% in the past 1 week.
SBA Communications Corporation (NASDAQ:SBAC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $114.04 and $113.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.86, notching a gain of 0.24% for the day. The total traded volume was 413,281 . The stock had closed at $113.59 on the previous day.
The stock has recorded a 20-day Moving Average of 0.49% and the 50-Day Moving Average is 6.25%. SBA Communications Corp. is up 12.81% in the last 3-month period. Year-to-Date the stock performance stands at 8.37%.
SBA Communications Corporation (SBAC) : 11 Wall Street analysts covering SBA Communications Corporation (SBAC) believe that the average level the stock could reach for the short term is $124.36. The maximum price target given is $150 and the minimum target for short term is around $102, hence the standard deviation is calculated at $12.84.
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.