DJ SBA Communications Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of SBA Communications Corp. $(SBAC)$ rallied 1.77% to $196.00 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.13% to 5,187.70 and the Dow Jones Industrial Average rising 0.08% to 38,884.26.
The stock's rise snapped a two-day losing streak.
SBA Communications Corp. closed $62.76 below its 52-week high ($258.76), which the company reached on December 14th.
The stock outperformed some of its competitors Tuesday, as Verizon Communications Inc. $(VZ)$ fell 0.05% to $39.31, AT&T Inc. $(T)$ rose 0.53% to $17.08, and T-Mobile US Inc. $(TMUS)$ fell 0.11% to $162.19.
Trading volume (962,910) remained 105,833 below its 50-day average volume of 1.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2024.
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(END) Dow Jones Newswires
May 07, 2024 17:09 ET (21:09 GMT)
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