DJ American Tower REIT Stock Underperforms Thursday When Compared To Competitors
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Shares of American Tower REIT $(AMT)$ slid 2.48% to $186.60 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.74% to 5,267.84 and Dow Jones Industrial Average falling 1.53% to 39,065.26.
This was the stock's second consecutive day of losses.
American Tower REIT closed $32.50 short of 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 Thursday, as Crown Castle Inc. $(CCI)$ fell 1.21% to $99.01 and SBA Communications Corp. $(SBAC)$ fell 2.57% to $188.79.
Trading volume (1.8 M) remained 750,863 below its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2024.
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(END) Dow Jones Newswires
May 23, 2024 16:44 ET (20:44 GMT)
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