DJ SBA Communications Corp. Stock Rises Monday, Still Underperforms Market
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Shares of SBA Communications Corp. $(SBAC)$ inched 0.24% higher to $221.61 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.39% to 5,893.62 and the Dow Jones Industrial Average falling 0.13% to 43,389.60.
This was the stock's second consecutive day of gains.
SBA Communications Corp. closed $37.15 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. $(VZ)$ rose 1.44% to $42.25, AT&T Inc. $(T)$ rose 1.37% to $22.99, and T-Mobile US Inc. $(TMUS)$ rose 0.60% to $237.03.
Trading volume (712,605) remained 194,762 below its 50-day average volume of 907,367.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2024.
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November 18, 2024 17:06 ET (22:06 GMT)
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