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 $4.12 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 $5.92 million.
Wells Fargo downgraded its American Tower Corp. [AMT] rating to an Equal weight from a an Overweight in a research note published on October 10, 2024; the price target was decreased to $230 from $245. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Raymond James also remained covering AMT and has increased its forecast on May 01, 2024 with a “Strong buy” recommendation from previously “an Outperform” rating. Mizuho started covering the stock on April 08, 2024. It rated AMT as “a Neutral”.
Price Performance Review of AMT
On Monday, American Tower Corp. [NYSE:AMT] saw its stock fall -2.13% to $221.47. Over the last five days, the stock has lost -0.10%. American Tower Corp. shares have risen nearly 2.59% since the year began. Nevertheless, the stocks have risen 38.91% over the past one year. While a 52-week high of $243.56 was reached on 09/10/24, a 52-week low of $157.25 was recorded on 04/30/24. SMA at 50 days reached $228.56, while 200 days put it at $204.20.
Levels Of Support And Resistance For AMT Stock
The 24-hour chart illustrates a support level at 218.50, which if violated will result in even more drops to 215.53. On the upside, there is a resistance level at 226.22. A further resistance level may holdings at 230.97. The Relative Strength Index (RSI) on the 14-day chart is 42.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.01%. Stochastics %K at 42.36% 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 2024-09-30, dropping by -0.45 million shares to a total of 3.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.06 million shares. There was a decline of -12.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 14, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $245 price target.
