Crown Castle Inc. Stock Falls Thursday, Underperforms Market
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Shares of Crown Castle Inc. (CCI) slipped 0.13% to $132.52 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. The stock's fall snapped a three-day winning streak. Crown Castle Inc. closed $67.45 short of its 52-week high ($199.97), which the company achieved on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Verizon Communications Inc. (VZ) fell 1.30% to $36.58, AT&T Inc. (T) rose 0.44% to $18.39, and T-Mobile US Inc. (TMUS) fell 2.01% to $141.51. Trading volume (2.3 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:44 ET (20:44 GMT)
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