DJ SBA Communications Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of SBA Communications Corp. $(SBAC)$ slid 1.69% to $225.59 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.41% to 5,728.80 and the Dow Jones Industrial Average rising 0.69% to 42,052.19.
This was the stock's second consecutive day of losses.
SBA Communications Corp. closed $33.17 short of its 52-week high ($258.76), which the company reached on December 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Verizon Communications Inc. $(VZ)$ fell 1.83% to $41.36, AT&T Inc. $(T)$ fell 1.86% to $22.12, and T-Mobile US Inc. $(TMUS)$ rose 0.05% to $223.28.
Trading volume (720,211) remained 104,304 below its 50-day average volume of 824,515.
Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2024.
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(END) Dow Jones Newswires
November 01, 2024 17:05 ET (21:05 GMT)
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