DJ SBA Communications Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of SBA Communications Corp. $(SBAC)$ shed 0.77% to $239.94 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.27% to 5,823.52 and the Dow Jones Industrial Average rising 0.65% to 42,387.57.
This was the stock's second consecutive day of losses.
SBA Communications Corp. closed $18.82 below its 52-week high ($258.76), which the company achieved on December 14th.
The stock underperformed when compared to some of its competitors Monday, as Verizon Communications Inc. $(VZ)$ rose 0.58% to $41.62, AT&T Inc. $(T)$ rose 1.28% to $22.11, and T-Mobile US Inc. $(TMUS)$ rose 0.64% to $227.81.
Trading volume (1.3 M) eclipsed its 50-day average volume of 771,708.
Data source: Dow Jones Market Data, FactSet. Data compiled October 28, 2024.
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(END) Dow Jones Newswires
October 28, 2024 17:05 ET (21:05 GMT)
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