DJ American Tower REIT Stock Underperforms Thursday When Compared To Competitors
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Shares of American Tower REIT $(AMT)$ slid 1.16% to $210.65 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.78% to 5,544.59 and Dow Jones Industrial Average falling 1.29% to 40,665.02.
The stock's fall snapped a two-day winning streak.
American Tower REIT closed $8.45 below 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 0.56% to $105.04 and SBA Communications Corp. $(SBAC)$ fell 1.39% to $211.25.
Trading volume (1.6 M) remained 557,221 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 18, 2024.
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(END) Dow Jones Newswires
July 18, 2024 16:44 ET (20:44 GMT)
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