SBA Communications Corp’s filing revealed that its EVP – SITE LEASING DAY DONALD unloaded Company’s shares for reported $0.36 million on Sep 13 ’24. In the deal valued at $242.86 per share,1,500 shares were sold. As a result of this transaction, DAY DONALD now holds 4,998 shares worth roughly $1.22 million.
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
Then, Krouse George R Jr sold 325 shares, generating $71,364 in total proceeds. Upon selling the shares at $219.58, the Director now owns 8,084 shares.
Before that, GEORGE R. KROUSE JR. bought 325 shares. SBA Communications Corp shares valued at $71,364 were divested by the Director at a price of $219.58 per share.
Wells Fargo downgraded its SBA Communications Corp [SBAC] rating to an Equal weight from a an Overweight in a research note published on July 15, 2024; the price target was decreased to $220 from $230. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering SBAC and has increased its forecast on December 15, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. BofA Securities revised its rating on August 10, 2023. It rated SBAC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SBAC
On Monday, SBA Communications Corp [NASDAQ:SBAC] saw its stock fall -1.62% to $243.47. Over the last five days, the stock has gained 1.52%. SBA Communications Corp shares have fallen nearly -4.03% since the year began. Nevertheless, the stocks have risen 28.52% over the past one year. While a 52-week high of $258.76 was reached on 01/02/24, a 52-week low of $183.64 was recorded on 05/01/24. SMA at 50 days reached $234.56, while 200 days put it at $215.39.
Levels Of Support And Resistance For SBAC Stock
The 24-hour chart illustrates a support level at 240.36, which if violated will result in even more drops to 237.25. On the upside, there is a resistance level at 247.60. A further resistance level may holdings at 251.73. The Relative Strength Index (RSI) on the 14-day chart is 55.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.15%. Stochastics %K at 70.41% indicates the stock is a holding.
How much short interest is there in SBA Communications Corp?
A steep rise in short interest was recorded in SBA Communications Corp stocks on 2024-09-30, growing by 0.2 million shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.18 million shares. There was a rise of 8.31%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 13, 2023 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $260 price target.
