American Tower REIT stock rises 1.15%, snapping three-day losing streak
Updated
Updated · MarketWatch · May 6
American Tower REIT stock rises 1.15%, snapping three-day losing streak
9 articles · Updated · MarketWatch · May 6
The shares closed at $180.16 on Wednesday as the S&P 500 gained 1.46% to 7,365.12 and the Dow rose 1.24% to 49,910.59.
American Tower still finished 23.12% below its 52-week high of $234.33 reached on 24 July, despite the rebound in a broadly positive market session.
Among peers, Crown Castle rose 1.28% and SBA Communications added 0.49%, while American Tower trading volume of 2.1 million was about 1.0 million below its 50-day average.
Down 23% from its peak, is American Tower a value trap or a golden opportunity for savvy investors?
As its rival explores a sale, could American Tower launch a mega-deal to dominate the US telecom market?
Can 5G and AI demand rescue American Tower's growth after the massive DISH default?