SBA Communications Corp. Stock Slips 4.2%, Underperforms Market

Dow Jones10-22

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of SBA Communications Corp. slid 4.2% to $173.41 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.6% to 7,757.17 and the Dow Jones Industrial Average rising 0.7% to 52,856.09.

This was the stock's third consecutive day of losses.

SBA Communications Corp. closed 22.7% short of its 52-week high of $224.46, which the company achieved on April 20th.

The stock demonstrated a mixed performance when compared to some of its peers, as Verizon Communications Inc. fell 2.2% to $43.56, AT&T Inc. fell 6.4% to $21.91, and T-Mobile US Inc. fell 2.54% to $153.75.

Trading volume totaled 1.5 million, compared to the 50-day average of 905,776.

Data source: Dow Jones Market Data, FactSet

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