DJ SBA Communications Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of SBA Communications Corp. $(SBAC)$ slipped 2.92% to $198.40 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.61% to 6,086.37 and the Dow Jones Industrial Average rising 0.30% to 44,156.73.
SBA Communications Corp. closed 21.47% short of its 52-week high of $252.64, which the company achieved on October 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Verizon Communications Inc. $(VZ)$ fell 0.18% to $38.95, AT&T Inc. $(T)$ fell 0.76% to $22.32, and T-Mobile US Inc. $(TMUS)$ fell 0.60% to $218.18.
Trading volume (996,520) eclipsed its 50-day average volume of 913,519.
Data source: Dow Jones Market Data, FactSet. Data compiled January 22, 2025.
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(END) Dow Jones Newswires
January 22, 2025 17:07 ET (22:07 GMT)
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