Shares of American Tower Corporation (REIT) (AMT) Sees Large Outflow of Money

American Tower Corporation (REIT) (AMT) : The total money flow in American Tower Corporation (REIT) (AMT) was negative ($13.35 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $28.79 million. In comparison, the inflow of money into the stock on upticks was $15.44 million. The uptick to downtick ratio was 0.54. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $12.57 million. The negative money flow of ($12.57 million) confirms the selling in American Tower Corporation (REIT) (AMT) on strength. American Tower Corporation (REIT) (AMT) gained $0.61 at $116.5, a gain of 0.53% over the previous days close. However, the stock registered -0.07% in the week.


Shares of American Tower Corporation appreciated by 0.05% during the last five trading days but lost 0.88% on a 4-week basis. American Tower Corporation is up 9.28% in the last 3-month period. Year-to-Date the stock performance stands at 20.61%.

American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $116.62 on Monday but the bulls could not build on the opening and the stock topped out at $117.11 for the day. The stock traded down to $115.76 during the day, due to lack of any buying support eventually closed down at $115.79 with a loss of -0.61% for the day. The stock had closed at $116.50 on the previous day. The total traded volume was 879,431 shares.

In a related news,The director of American Tower Corp /Ma/, Katz Carolyn sold 10,000 shares at $116.25 on August 8, 2016. The Insider selling transaction had a total value worth of $1,162,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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