DJ SBA Communications Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of SBA Communications Corp. $(SBAC)$ dropped 0.88% to $196.89 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.18% to 5,354.03 and the Dow Jones Industrial Average rising 0.25% to 38,807.33.
The stock's fall snapped a four-day winning streak.
SBA Communications Corp. closed $61.87 below its 52-week high ($258.76), which the company reached on December 14th.
The stock underperformed when compared to some of its competitors Wednesday, as Verizon Communications Inc. $(VZ)$ fell 0.51% to $41.35, AT&T Inc. $(T)$ fell 0.27% to $18.30, and T-Mobile US Inc. $(TMUS)$ rose 1.33% to $180.27.
Trading volume (504,308) remained 414,907 below its 50-day average volume of 919,215.
Data source: Dow Jones Market Data, FactSet. Data compiled June 5, 2024.
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(END) Dow Jones Newswires
June 05, 2024 17:09 ET (21:09 GMT)
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