Shares of American Tower Corporation (REIT) (AMT) Sees Large Inflow of Net Money Flow

American Tower Corporation (REIT) (AMT) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $103.34 with a loss of -0.16 points or -0.15%. The net money flow was $5.07 million and the up/down ratio was 1.23. Approximately $27.37 million was the inflow in upticks and $22.3 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -0.46%.The shares witnessed a block transaction with a net money flow of $2.48 million. The total money in uptick was $3.8 million and in downtick was $1.32 million with the up/down ratio reaching 2.87.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

American Tower Corporation has lost 0.62% in the last five trading days and dropped 2.27% in the last 4 weeks. American Tower Corporation has dropped 11.39% during the last 3-month period . Year-to-Date the stock performance stands at -2.27%. American Tower Corporation (REIT) (NYSE:AMT) witnessed a decline in the market cap on Wednesday as its shares dropped 0.21% or 0.22 points. After the session commenced at $103.6, the stock reached the higher end at $103.84 while it hit a low of $103.02. With the volume soaring to 1,906,666 shares, the last trade was called at $103.28. The company has a 52-week high of $118.26. The company has a market cap of $44,092 million and there are 426,913,750 shares in outstanding. The 52-week low of the share price is $83.07.

Company has reported several Insider transactions to the SEC, on Jan 12, 2017, James D Jr Taiclet (Chairman, President and CEO) sold 40,000 shares at 104.49 per share price.On Dec 14, 2016, Amit Sharma (EVP, Asia) sold 88,904 shares at 104.00 per share price.On Oct 26, 2016, Samme L Thompson (director) sold 2,202 shares at 116.13 per share price.

American Tower Corp Last issued its quarterly earnings results on Oct 27, 2016. The company reported $1.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $1.31. The company had revenue of $1514.84 million for the quarter, compared to analysts expectations of $1510.02 million. The companys revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.American Tower Corp was Initiated by Guggenheim to Neutral on Dec 16, 2016. American Tower Corp was Initiated by Macquarie to Outperform on Dec 6, 2016.

American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. The company operates a leading network of communications towers and is the largest independent operator of broadcast towers in North America. The company provides comprehensive network development services for wireless service providers and broadcasters. The company also operates a leading teleport business, which transmits Internet, voice, data and video communications worldwide.


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