Crown Castle stock rallies 3.39% and outperforms competitors
Updated
Updated · MarketWatch · Apr 30
Crown Castle stock rallies 3.39% and outperforms competitors
15 articles · Updated · MarketWatch · Apr 30
The shares closed at $88.78 on Thursday as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
Crown Castle beat Verizon, up 3.05%, and AT&T, up 1.48%, while T-Mobile US fell 1.35% during the broadly positive session.
Despite the gain, the stock remains 23.31% below its 52-week high of $115.76 reached on 24 July. Trading volume of 3.1 million was slightly below its 50-day average.
Can Crown Castle's tower-only strategy succeed while it faces a multi-billion dollar lawsuit from DISH?
How will the EchoStar dispute impact lease costs and 5G expansion across the entire U.S. tower industry?