DJ American Tower REIT Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of American Tower REIT $(AMT)$ inched 0.18% higher to $171.30 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.56% to 37,986.40 and the S&P 500 Index falling 0.88% to 4,967.23.
The stock's rise snapped a four-day losing streak.
American Tower REIT closed $47.80 below its 52-week high ($219.10), which the company reached on January 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Crown Castle Inc. $(CCI)$ rose 0.88% to $95.20 and SBA Communications Corp. $(SBAC)$ rose 0.06% to $196.06.
Trading volume (2.9 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 19, 2024.
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(END) Dow Jones Newswires
April 19, 2024 16:45 ET (20:45 GMT)
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