Crown Castle Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Crown Castle Inc. (CCI) slid 2.78% to $126.52 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. This was the stock's second consecutive day of losses. Crown Castle Inc. closed $73.45 below its 52-week high ($199.97), which the company achieved on April 21st.
The stock underperformed when compared to some of its competitors Tuesday, as Verizon Communications Inc. (VZ) fell 0.63% to $37.91, AT&T Inc. (T) fell 0.32% to $18.71, and T-Mobile US Inc. (TMUS) fell 0.59% to $142.87. Trading volume (2.4 M) eclipsed its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 16:44 ET (21:44 GMT)
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