DJ SBA Communications Corp. Stock Underperforms Friday When Compared To Competitors
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Shares of SBA Communications Corp. $(SBAC)$ dropped 0.99% to $226.25 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.56% to 6,032.38 and the Dow Jones Industrial Average rising 0.42% to 44,910.65.
The stock's fall snapped a five-day winning streak.
SBA Communications Corp. closed $32.51 short of its 52-week high ($258.76), which the company achieved on December 14th.
The stock underperformed when compared to some of its competitors Friday, as Verizon Communications Inc. $(VZ)$ fell 0.09% to $44.34, AT&T Inc. $(T)$ fell 0.47% to $23.16, and T-Mobile US Inc. $(TMUS)$ rose 0.30% to $246.94.
Trading volume (351,601) remained 539,275 below its 50-day average volume of 890,876.
Data source: Dow Jones Market Data, FactSet. Data compiled November 29, 2024.
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(END) Dow Jones Newswires
November 29, 2024 17:06 ET (22:06 GMT)
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