DJ SBA Communications Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of SBA Communications Corp. $(SBAC)$ sank 0.24% to $218.94 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 5,917.11 and the Dow Jones Industrial Average rising 0.32% to 43,408.47.
This was the stock's second consecutive day of losses.
SBA Communications Corp. closed $39.82 short of its 52-week high ($258.76), which the company achieved on December 14th.
The stock underperformed when compared to some of its competitors Wednesday, as Verizon Communications Inc. $(VZ)$ rose 0.69% to $42.22, AT&T Inc. $(T)$ rose 0.44% to $22.83, and T-Mobile US Inc. $(TMUS)$ rose 0.97% to $235.47.
Trading volume (566,129) remained 332,697 below its 50-day average volume of 898,826.
Data source: Dow Jones Market Data, FactSet. Data compiled November 20, 2024.
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November 20, 2024 17:06 ET (22:06 GMT)
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