DJ SBA Communications Corp. Stock Underperforms Friday When Compared To Competitors
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Shares of SBA Communications Corp. $(SBAC)$ sank 0.40% to $193.09 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.26% to 5,127.79 and the Dow Jones Industrial Average rising 1.18% to 38,675.68.
The stock's fall snapped a two-day winning streak.
SBA Communications Corp. closed $65.67 below its 52-week high ($258.76), which the company achieved on December 14th.
The stock underperformed when compared to some of its competitors Friday, as Verizon Communications Inc. $(VZ)$ fell 0.10% to $38.89, AT&T Inc. $(T)$ rose 0.18% to $16.85, and T-Mobile US Inc. $(TMUS)$ fell 0.19% to $164.60.
Trading volume (1.1 M) remained 7,344 below its 50-day average volume of 1.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2024.
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(END) Dow Jones Newswires
May 03, 2024 17:08 ET (21:08 GMT)
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