American Tower Corp.’s recently made public that its EVP & President, LatAm & EMEA Puech Olivier unloaded Company’s shares for reported $2.26 million on Aug 26 ’24. In the deal valued at $226.35 per share,9,988 shares were sold. As a result of this transaction, Puech Olivier now holds 41,758 shares worth roughly $9.36 million.
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Then, Puech Olivier bought 9,988 shares, generating $2,274,567 in total proceeds.
Before that, Puech Olivier sold 10,005 shares. American Tower Corp. shares valued at $2,333,902 were divested by the EVP & President, LatAm & EMEA at a price of $233.27 per share. As a result of the transaction, Puech Olivier now holds 51,746 shares, worth roughly $11.59 million.
Goldman initiated its American Tower Corp. [AMT] rating to a Buy in a research note published on July 01, 2024; the price target was $230. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early May from “an Outperform” to “a Strong buy”. Mizuho began covering AMT with “Neutral” recommendation on April 08, 2024. HSBC Securities started covering the stock on December 14, 2023. It rated AMT as “a Buy”.
Price Performance Review of AMT
On Friday, American Tower Corp. [NYSE:AMT] saw its stock jump 0.24% to $224.06. Over the last five days, the stock has lost -1.30%. American Tower Corp. shares have risen nearly 3.79% since the year began. Nevertheless, the stocks have risen 22.92% over the past one year. While a 52-week high of $236.13 was reached on 08/05/24, a 52-week low of $154.58 was recorded on 04/30/24. SMA at 50 days reached $212.84, while 200 days put it at $200.17.
Levels Of Support And Resistance For AMT Stock
The 24-hour chart illustrates a support level at 221.77, which if violated will result in even more drops to 219.47. On the upside, there is a resistance level at 226.02. A further resistance level may holdings at 227.97. The Relative Strength Index (RSI) on the 14-day chart is 56.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.02%. Stochastics %K at 63.89% indicates the stock is a holding.
How much short interest is there in American Tower Corp.?
A steep rise in short interest was recorded in American Tower Corp. stocks on 2024-08-15, dropping by -1.93 million shares to a total of 4.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.97 million shares. There was a decline of -47.76%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 13, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $208 price target.
