DJ SBA Communications Corp. Stock Outperforms Competitors Despite Losses On The Day
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Shares of SBA Communications Corp. $(SBAC)$ slipped 0.93% to $212.28 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,074.08 and the Dow Jones Industrial Average falling 0.25% to 43,717.48.
This was the stock's fifth consecutive day of losses.
SBA Communications Corp. closed $44.40 short of its 52-week high ($256.68), which the company reached on December 27th.
Despite its losses, the stock outperformed some of its competitors Monday, as Verizon Communications Inc. $(VZ)$ fell 3.31% to $40.88, AT&T Inc. $(T)$ fell 3.34% to $22.84, and T-Mobile US Inc. $(TMUS)$ fell 1.06% to $229.47.
Trading volume (813,570) remained 72,197 below its 50-day average volume of 885,767.
Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2024.
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(END) Dow Jones Newswires
December 16, 2024 17:06 ET (22:06 GMT)
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