American Tower REIT Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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American Tower REIT (AMT) shares rose 1.10% to $180.48 on Wednesday, marking the third consecutive day of gains. However, the stock remains 22.98% below its 52-week high of $234.33. In comparison, competitors Crown Castle Inc. (CCI) and SBA Communications Corp. (SBAC) saw larger gains of 1.81% and 0.99%, respectively. The overall trading session was mixed, with the S&P 500 mostly unchanged and the Dow Jones down 0.13%. Trading volume for AMT was 2.1 million, below its 50-day average of 3.3 million.
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