American Tower Corp.’s recently made public that its EVP & President, Asia-Pacific Goel Sanjay unloaded Company’s shares for reported $1.19 million on Sep 13 ’24. In the deal valued at $238.00 per share,5,000 shares were sold. As a result of this transaction, Goel Sanjay now holds 18,621 shares worth roughly $4.16 million.
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Then, Goel Sanjay bought 5,000 shares, generating $1,190,000 in total proceeds.
Before that, Noel Eugene M sold 33,135 shares. American Tower Corp. shares valued at $7,952,400 were divested by the EVP & President, U.S. Tower at a price of $240.00 per share. As a result of the transaction, Noel Eugene M now holds 26,740 shares, worth roughly $5.97 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 Monday, American Tower Corp. [NYSE:AMT] saw its stock fall -0.13% to $223.37. Over the last five days, the stock has lost -3.95%. American Tower Corp. shares have risen nearly 3.47% since the year began. Nevertheless, the stocks have risen 40.74% over the past one year. While a 52-week high of $243.56 was reached on 09/10/24, a 52-week low of $154.58 was recorded on 04/30/24. SMA at 50 days reached $228.85, while 200 days put it at $203.82.
Levels Of Support And Resistance For AMT Stock
The 24-hour chart illustrates a support level at 221.99, which if violated will result in even more drops to 220.60. On the upside, there is a resistance level at 224.15. A further resistance level may holdings at 224.92. The Relative Strength Index (RSI) on the 14-day chart is 36.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.47%. Stochastics %K at 10.79% indicates the stock is a buying.
How much short interest is there in American Tower Corp.?
A steep rise in short interest was recorded in American Tower Corp. stocks on 2024-09-13, dropping by 88451.0 shares to a total of 3.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.04 million shares. There was a decline of -2.24%, 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.
