Crown Castle International Corporation (CCI) Shares are Up 3%

Crown Castle International Corporation (CCI) has been under a strong bear grip, hence the stock is down -0.03% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.49% in the past 1 week. The stock has risen by 3% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.17% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 1.24%.The 200 Day SMA reached 8.43%. Crown Castle International Corp. is up 4.23% in the last 3-month period. Year-to-Date the stock performance stands at 13.35%.


Crown Castle International Corporation (NYSE:CCI): After opening at $95.25, the stock dipped to an intraday low of $95.23 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $96.1624 and the buying power remained strong till the end. The stock closed at $96.06 for the day, a gain of 1.38% for the day session. The total traded volume was 2,186,387. The stocks close on the previous trading day was $94.75.

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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