DJ SBA Communications Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of SBA Communications Corp. $(SBAC)$ sank 0.54% to $197.93 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.46% to 5,048.42 and Dow Jones Industrial Average falling 0.98% to 38,085.80.
The stock's fall snapped a four-day winning streak.
SBA Communications Corp. closed $65.15 short of its 52-week high ($263.08), which the company achieved on May 1st.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Verizon Communications Inc. $(VZ)$ fell 0.68% to $39.22, AT&T Inc. $(T)$ fell 1.37% to $16.58, and T-Mobile US Inc. $(TMUS)$ fell 0.08% to $164.05.
Trading volume (789,842) remained 258,922 below its 50-day average volume of 1.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 25, 2024.
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(END) Dow Jones Newswires
April 25, 2024 17:08 ET (21:08 GMT)
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