Crown Castle Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Crown Castle Inc. (CCI) inched 0.75% higher to $131.24 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.89% to 3,951.57 and the Dow Jones Industrial Average rising 1.20% to 32,244.58. The stock's rise snapped a two-day losing streak. Crown Castle Inc. closed $68.73 below its 52-week high ($199.97), which the company reached on April 21st.
The stock underperformed when compared to some of its competitors Monday, as Verizon Communications Inc. (VZ) rose 1.74% to $37.43, AT&T Inc. (T) rose 1.99% to $18.49, and T-Mobile US Inc. (TMUS) rose 2.22% to $145.61. Trading volume (1.8 M) remained 204,641 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 20, 2023.
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March 20, 2023 16:44 ET (20:44 GMT)
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