DJ SBA Communications Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of SBA Communications Corp. $(SBAC)$ slid 0.43% to $187.29 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.02% to 5,306.04 and the Dow Jones Industrial Average falling 0.55% to 38,852.86.
This was the stock's seventh consecutive day of losses.
SBA Communications Corp. closed $71.47 below its 52-week high ($258.76), which the company achieved on December 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Verizon Communications Inc. $(VZ)$ fell 0.96% to $39.36, AT&T Inc. $(T)$ fell 1.31% to $17.27, and T-Mobile US Inc. $(TMUS)$ rose 0.79% to $167.31.
Trading volume (790,329) remained 115,363 below its 50-day average volume of 905,692.
Data source: Dow Jones Market Data, FactSet. Data compiled May 28, 2024.
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(END) Dow Jones Newswires
May 28, 2024 17:09 ET (21:09 GMT)
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