Crown Castle Inc. Stock Falls Friday, Underperforms Market
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Shares of Crown Castle Inc. (CCI) shed 2.53% to $123.59 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 2.37% to 3,752.75 and the Dow Jones Industrial Average rising 2.47% to 31,082.56. This was the stock's third consecutive day of losses. Crown Castle Inc. closed $86.28 below its 52-week high ($209.87), which the company reached on December 31st.
The stock underperformed when compared to some of its competitors Friday, as America Movil S.A.B. de C.V. Series A rose 0.06% to $16.61, SBA Communications Corp. (SBAC) rose 0.10% to $248.20, and American Tower REIT (AMT) fell 0.23% to $187.56. Trading volume (5.3 M) eclipsed its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 21, 2022.
(END) Dow Jones Newswires
October 21, 2022 16:43 ET (20:43 GMT)
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