From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 40s
American Tower Rises 7.7% in Sector Rally
American Tower jumps 7.7% amid tower REITs rally as market capitalization hits $83.5 billion.
In brief
American Tower jumps 7.7% amid tower REITs rally as market capitalization hits $83.5 billion. American Tower Corporation surged 7.7% on Friday to close at $179.51, riding a sector-wide rally that lifted all major tower REITs. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
American Tower Surges
American Tower Corporation surged 7.7% on Friday to close at $179.51.
Sector-Wide Rally
The stock jumped on volume of 5.6M shares as tower REITs displayed coordinated strength.
Market Capitalization
American Tower’s market capitalization reached $83.5 billion with 5.6M shares traded.
Sector Catalyst
Crown Castle led the rally with 14.1% gain while SBA Communications climbed 6.1%.
What it means
American Tower Corporation surged 7.7% on Friday to close at $179.51, riding a sector-wide rally that lifted all major tower REITs.
