Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. American Tower Corp. shares valued at $1,190,000 were sold by Goel Sanjay on Sep 13 ’24. At $238.00 per share, Goel Sanjay sold 5,000 shares. The insider’s holdings dropped to 18,621 shares worth approximately $4.32 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Goel Sanjay purchased 5,000 shares, netting a total of over 1,190,000 in proceeds.
Before that, Noel Eugene M had sold 33,135 shares from its account. In a trade valued at $7,952,400, the EVP & President, U.S. Tower traded American Tower Corp. shares for $240.00 each. Upon closing the transaction, the insider’s holdings decreased to 33,135 shares, worth approximately $6.2 million.
As published in their initiating research note from Goldman on July 01, 2024, American Tower Corp. [AMT] has been a Buy and the price target has been revised to $230. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early May. As of April 08, 2024, Mizuho has initiated its “Neutral” rating for AMT. Earlier on December 14, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for AMT stock.
Analyzing AMT Stock Performance
During the last five days, there has been a drop of approximately -0.23%. Over the course of the year, American Tower Corp. shares have jumped approximately 7.36%. Shares of the company reached a 52-week high of $243.56 on 09/10/24 and a 52-week low of $170.46 on 04/30/24. A 50-day SMA is recorded $226.25, while a 200-day SMA reached $203.14. Nevertheless, trading volume fell to 2.31 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for American Tower Corp. (AMT)
According to the 24-hour chart, there is a support level at 230.01, which, if violated, would cause prices to drop to 228.26. In the upper region, resistance lies at 233.77. The next price resistance is at 235.78. RSI (Relative Strength Index) is 49.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.46, which suggests the price will decrease in the coming days. Percent R is at 74.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
