DJ SBA Communications Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of SBA Communications Corp. $(SBAC)$ shed 1.46% to $222.94 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.24% to 6,047.15 and the Dow Jones Industrial Average falling 0.29% to 44,782.00.
This was the stock's second consecutive day of losses.
SBA Communications Corp. closed $35.82 below its 52-week high ($258.76), which the company achieved on December 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Verizon Communications Inc. $(VZ)$ fell 1.11% to $43.85, AT&T Inc. $(T)$ fell 1.99% to $22.70, and T-Mobile US Inc. $(TMUS)$ fell 0.86% to $244.82.
Trading volume (644,263) remained 238,122 below its 50-day average volume of 882,385.
Data source: Dow Jones Market Data, FactSet. Data compiled December 2, 2024.
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(END) Dow Jones Newswires
December 02, 2024 17:07 ET (22:07 GMT)
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