Crown Castle Inc. Stock Falls Thursday, Underperforms Market
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Shares of Crown Castle Inc. (CCI) slid 2.98% to $126.80 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.80% to 3,665.78 and Dow Jones Industrial Average falling 0.30% to 30,333.59. This was the stock's second consecutive day of losses. Crown Castle Inc. closed $83.07 below its 52-week high ($209.87), which the company reached on December 31st.
The stock underperformed when compared to some of its competitors Thursday, as America Movil S.A.B. de C.V. Series A rose 0.06% to $16.61, SBA Communications Corp. (SBAC) fell 1.79% to $247.96, and American Tower REIT (AMT) fell 1.57% to $188.00. Trading volume (4.3 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 20, 2022.
(END) Dow Jones Newswires
October 20, 2022 16:43 ET (20:43 GMT)
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