SBA Communications stock slides 1.18% and underperforms rivals
Updated
Updated · MarketWatch · May 1
SBA Communications stock slides 1.18% and underperforms rivals
9 articles · Updated · MarketWatch · May 1
The shares closed at $218.58 as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
SBA ended 10.84% below its 52-week high of $245.16, reached on 6 May, while Verizon gained 0.17%, AT&T slipped 0.04% and T-Mobile rose 0.29%.
Trading volume was 613,145, about 693,015 below its 50-day average of 1.3 million, indicating lighter-than-usual activity during the mixed market session.
With strong earnings and a buyout offer, why are some Wall Street analysts slashing their price targets for SBAC?
How will a potential SBAC sale reshape the competitive landscape for U.S. telecom tower infrastructure?
Could SBAC’s massive $13 billion debt derail its rumored $250 per share takeover by private equity firms?