DJ SBA Communications Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of SBA Communications Corp. $(SBAC)$ rallied 5.64% to $207.94 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.65% to 44,713.58 and the S&P 500 Index falling 1.46% to 6,012.28.
SBA Communications Corp. closed 17.69% below its 52-week high of $252.64, which the company achieved on October 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Verizon Communications Inc. $(VZ)$ rose 2.78% to $40.64, AT&T Inc. $(T)$ rose 6.25% to $24.14, and T-Mobile US Inc. $(TMUS)$ rose 1.31% to $221.43.
Trading volume (1.0 M) eclipsed its 50-day average volume of 849,856.
Data source: Dow Jones Market Data, FactSet. Data compiled January 27, 2025.
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January 27, 2025 17:07 ET (22:07 GMT)
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