Crown Castle Inc. Stock Falls Friday, Underperforms Market
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Shares of Crown Castle Inc. (CCI) slid 1.71% to $130.26 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. This was the stock's second consecutive day of losses. Crown Castle Inc. closed $69.71 short of its 52-week high ($199.97), which the company achieved on April 21st.
The stock underperformed when compared to some of its competitors Friday, as Verizon Communications Inc. (VZ) rose 0.57% to $36.79, AT&T Inc. (T) fell 1.41% to $18.13, and T-Mobile US Inc. (TMUS) rose 0.66% to $142.45. Trading volume (3.5 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:43 ET (20:43 GMT)
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