SBA Communications Corporation (SBAC) Shares are Up 0.24%

SBA Communications Corporation (SBAC) has been under a strong bear grip, hence the stock is down -2.68% 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 0.08% in the past 1 week. The stock has risen by 0.24% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.2% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 1.02%.The 200 Day SMA reached 8.45%


SBA Communications Corporation (NASDAQ:SBAC): After opening at $112.03, the stock dipped to an intraday low of $110.87 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $112.57 and the buying power remained strong till the end. The stock closed at $112.16 for the day, a gain of 0.50% for the day session. The total traded volume was 721,554. The stocks close on the previous trading day was $112.16.

SBA Communications Corporation (SBAC) : The highest level SBA Communications Corporation (SBAC) is projected to reach is $150 for the short term and the lowest estimate is at $116. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $129.1 and the possibility the share price can swing is $9.84.

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.

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