Crown Castle Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Crown Castle Inc. (CCI) shed 2.63% to $126.08 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. This was the stock's second consecutive day of losses. Crown Castle Inc. closed $73.89 below its 52-week high ($199.97), which the company reached on April 21st.
The stock underperformed when compared to some of its competitors Wednesday, as Verizon Communications Inc. (VZ) fell 1.14% to $37.31, AT&T Inc. (T) fell 0.81% to $18.39, and T-Mobile US Inc. (TMUS) fell 0.84% to $143.46. Trading volume (2.1 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:44 ET (20:44 GMT)
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