DJ SBA Communications Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of SBA Communications Corp. $(SBAC)$ shed 1.67% to $220.19 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.10% to 6,001.35 and the Dow Jones Industrial Average rising 0.69% to 44,293.13.
The stock's fall snapped a two-day winning streak.
SBA Communications Corp. closed $38.57 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 Monday, as Verizon Communications Inc. $(VZ)$ fell 0.10% to $40.44, AT&T Inc. $(T)$ fell 0.13% to $22.31, and T-Mobile US Inc. $(TMUS)$ rose 1.28% to $238.32.
Trading volume (1.1 M) eclipsed its 50-day average volume of 900,747.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2024.
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(END) Dow Jones Newswires
November 11, 2024 17:06 ET (22:06 GMT)
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